Based on the aging of its accounts receivable at December 31,Quanto Company determined that the net realizable value of the receivables at that date is $760,000.Additional information is as follows:
Quanto's doubtful accounts expense for the year ended December 31 is
A) $80,000.
B) $96,000.
C) $120,000.
D) $160,000.
Correct Answer:
Verified
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