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Title: Refer to Table 9-5. Assume Ritchie uses the percent-of-sales method for estimating uncollectible ... Post by: harra on Sep 19, 2017 Refer to Table 9-5. Assume Ritchie uses the percent-of-sales method for estimating uncollectible accounts. Ritchie estimates that bad-debt expense will be 1.3% of net credit sales. After the adjustment for uncollectible accounts is made, the net realizable value of accounts receivable will be:
A) $156,660. B) $170,000. C) $159,860. D) $163,060. Title: Re: Refer to Table 9-5. Assume Ritchie uses the percent-of-sales method for estimating uncollectible ... Post by: migrod on Sep 19, 2017 Content hidden
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