The following information was presented in the balance sheet of Gloria Company as of December 31, 2014: 
Which one of the following statements is true?
A) Gloria expects that $1,700,000 of accounts receivable will be collected after year end.
B) The balance in the Accounts Receivable account in Gloria's general ledger is $1,600,000.
C) The net realizable value of Gloria's accounts receivable is $1,600,000.
D) Gloria expects to collect only $1,500,000 from its customers.
Correct Answer:
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