Prior to the write off of a $30 customer account,Kraft Company had the following account balances: What was the net realizable value of the receivables before and after the write-off?
A)Choice A
B)Choice B
C)Choice C
D)Choice D

Question

Quizplus · Accepted Answer

The net realizable value of the receivables is the amount that the company expects to collect from its customers. Before the write-off, the net realizable value of the receivables was $30. After the write-off, the net realizable value of the receivables is $0.

Prior to the Write Off of a $30 Customer Account,Kraft