Answer
Net realizable value = $860,000
Work Step by Step
Accounts Receivable………………………………………………………900,000
……….. Less: Allowance for Doubtful Accounts………...…….(40,000)
Net realizable value………………………………..…...................… ..860,000
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 7 - Cash and Receivables - Exercises - Page 409: E7-8b
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