Following the completion of an aging analysis, the accountant for Liberty estimated that $1,100 of the receivables would be uncollectible.
-What would be the net realizable value of the receivables on Liberty's year-end balance sheet?
A) $28,800.
B) $28,900.
C) $29,900.
D) $30,100.

Question

Following the completion of an aging analysis, the accountant for Liberty estimated that $1,100 of the receivables would be uncollectible. 
-What would be the net realizable value of the receivables on Liberty's year-end balance sheet?
A) $28,800.
B) $28,900.
C) $29,900.
D) $30,100.

Quizplus · Accepted Answer

Calculation: $30,000 - $1,100 = $28,900.

Following the Completion of an Aging Analysis, the Accountant for Liberty