CVM Company had a total accounts receivable of 250,000 atDecember 31, 20x1. An aging analysis of the accountsreceivable and an estimate of possible credit losses are asfollows:ClassificationBalance% Credit loss1-60 days175,0001%61-120 days?2%121-180 daysOver 180 daysC. What is the net realizable value of the Accounts25,00010%25,00050%receivable at December 31 20x1?P92,500P237, 750O P233,250O P232,750

Net realisable value of receivables is the amount of receivables after adjustment of credit loss.

Answered: C. What is the net realizable value of…

Business

Accounting

C. What is the net realizable value of the Accounts receivable at December 31 20x1?

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.3E

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