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What total amount should be reported as current trade

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Question - Valiant Company reported the following analysis of current receivables at year-end:

Trade accounts receivable 2,000,000

Allowance for doubtful accounts (100,000)

Claim against shipper for goods lost in transit in November 300,000

Selling price of unsold goods sent by valiant on consignment at 150% of cost and not included in ending inventory 600,000

Security deposit on lease of warehouse 200,000

Total 3,000,000

Required - What total amount should be reported as current trade and other receivables?

Reference no: EM132713338

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