Birkan Company reported the following information:
During 2021, sales on account were $145,000 and collections on account were $100,000.Also during 2021, the company wrote off $4,000 in uncollectible accounts.An analysis of outstanding receivable accounts at year-end indicated that uncollectible accounts should 1.The change in the cash realizable value from the balance at 12/31/20 to 12/31/21 was a
A) $36,000 increase.
B) $37,000 increase.
C) $40,000 increase.
D) $41,000 increase.
Correct Answer:
Verified
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