Following the completion of an aging analysis,the accountant for Liberty estimated that $1,100 of the receivables would be uncollectible.What would the net realizable year-end balance sheet be?
A)$28,800.
B)$28,900.
C)$29,900.
D)$30,100.

Question

Quizplus · Accepted Answer

The net realizable value of receivables is calculated by subtracting the estimated uncollectible amount ($1,100) from the total receivables. Assuming the total receivables are $30,000, the net realizable value would be $30,000 - $1,100 = $28,900.

Following the Completion of an Aging Analysis,the Accountant for Liberty