In reviewing the accounts receivable, the cash realizable value is $28,000 before the write-off of a $2,000 account. What is the cash realizable value after the write-off?

Question

Quizplus · Accepted Answer

The cash realizable value remains the same at $28,000 after the write-off because the write-off of an account does not affect the net realizable value of accounts receivable.

In Reviewing the Accounts Receivable, the Cash Realizable Value Is