Lebanon Ltd.prepared an aging of its accounts receivable at December 31, 2017 and determined that the net realizable value of the receivables was $290,000.Additional information for calendar 2017 follows: 
For the year ended December 31, 2017, Lebanon's bad debt expense should be
A) $20,000.
B) $23,000.
C) $16,000.
D) $14,000.
Correct Answer:
Verified
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