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Rural Ridge Company Reported the Following on Its Balance Sheet  Accounts receivable, less allowance of $12,400$500,000\text { Accounts receivable, less allowance of } \$ 12,400 \quad \$ 500,000

Question 167

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Rural Ridge Company reported the following on its balance sheet at December 31,2017:
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 Accounts receivable, less allowance of $12,400$500,000\text { Accounts receivable, less allowance of } \$ 12,400 \quad \$ 500,000 A) How much is the net realizable value of Rural Ridge's receivables?

B) What is the balance of the Accounts Receivable account?

C) Are you able to determine whether Rural Ridge uses the allowance method or the direct write off method for uncollectibles? Why or why not?

Correct Answer:

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A) blured image
B) blured image
Rural Ridge uses the allowanc...

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