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Accounts Receivable has a balance of $725,530 and Allowance for Doubtful Accounts has a balance of $20,934. What is the net realizable value of the accounts receivable
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Accounts Receivable has a balance of $725,530 and Allowance for Doubtful Accounts has a balance of $20,934. What is the net realizable value of the accounts receivable

User Petrux
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1 Answer

2 votes

Answer:

The net realizable value of the account receivable is $704,596

Step-by-step explanation:

As per the given situation, The computation of the net realizable value of the account receivable is given below:

Net realizable value is

= Balance of the account receivable - allowance of doubtful debts

= $725,530 - $20,934

= $704,596

The net realizable value of the account receivable is $704,596

Hence, the correct answer is $709,596

User Sherein
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