In reviewing the accounts receivable, the cash realizable value is $24,000 before the write-off of a $2,000 account.What is the cash realizable value after the write-off?

Name: In reviewing the accounts receivable, the cash realizable value is $24,000 before the write-off of a $2,000 account.What is the cash realizable value after the write-off?
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Question

Quizplus · Accepted Answer

The cash realizable value remains $24,000 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