Based on the aging of its accounts receivable at December 31, Charman Company determined that the net realizable value of the receivables at that date is $304,000. Additional information is as follows:
Charman's Bad Debt Expense for the year ended December 31 is
A) $32,000
B) $38,400
C) $48,000
D) $64,000
Correct Answer:
Verified
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