A company has the following balances on December 31, 2012, after year-end adjustments: Accounts Receivable = $62,000; Allowance for Uncollectible Accounts = $6,000. Calculate the net realizable value of accounts receivable.

Name: A company has the following balances on December 31, 2012, after year-end adjustments: Accounts Receivable = $62,000; Allowance for Uncollectible Accounts = $6,000. Calculate the net realizable value of accounts receivable.
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Quizplus · Accepted Answer

Net realizable value = $62,000 - $6,000 = $56,000.

A Company Has the Following Balances on December 31, 2012