A company's accounts receivable balance after posting net collections from customers for 2012 is $150,000.Management feels that uncollected accounts should be based on the following aging of accounts receivable and uncollected percentages.There are $100,000 that are 1-30 past due at 2% and $50,000 that are 31 to 60 days past due at 10%.The net realizable value of the accounts receivable is
A) $147,500
B) $148,000
C) $150,000
D) $143,000
Correct Answer:
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