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What is the net realizable value of accounts receivable

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Question - Total sales in year 2016 is $500,000, one-half of which is sales on account. The beginning amount of sales returns allowance and gross accounts receivable are $25,000 and $800,000 respectively. If 1% of all credit sales is expected to be returned, what is the net realizable value of accounts receivable at the end of year 2016?

Reference no: EM132628095

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