# After the accounts are adjusted and closed at the end of the fiscal ye.docx

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After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of \$659,766 and Allowance for Doubtful Accounts has a balance of \$18,550. What is the net realizable value of the accounts receivable? Select the correct answer. Solution Answer: Net realizable value of accounts receivable =Account receivables balance - Allowances for doubtful accounts = 659766 -18550 =\$641216 .

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### After the accounts are adjusted and closed at the end of the fiscal ye.docx

• 1. After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of \$659,766 and Allowance for Doubtful Accounts has a balance of \$18,550. What is the net realizable value of the accounts receivable? Select the correct answer. \$18,550 \$678,316 \$641,216 \$659,766 Solution Answer: Net realizable value of accounts receivable =Account receivables balance - Allowances for doubtful accounts = 659766 -18550 =\$641216
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