All Star Auto has an accounts receivable balance after posting net collections from customers for 2013 of $180,000. The customers took advantage of sales discounts of $15,000. Management aged the accounts receivable and estimate for uncollected account percentages as follows:
The net realizable value of the accounts receivable is
A) $173,200
B) $170,200
C) $172,700
D) $180,000
Correct Answer:
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