Related data of V Company: Accounts receivable, beginning P395,200 Allowance for bad debts, beginning 8,500 Sales for the year 5,000,000 Collection 4,680,000 Percentage of Bad debts is 2% of Accounts receivable How much is the Net realizable value?
Related data of V Company: Accounts receivable, beginning P395,200 Allowance for bad debts, beginning 8,500 Sales for the year 5,000,000 Collection 4,680,000 Percentage of Bad debts is 2% of Accounts receivable How much is the Net realizable value?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Related data of V Company:
Allowance for
Sales for the year 5,000,000
Collection 4,680,000
Percentage of Bad debts is 2% of Accounts receivable
How much is the Net realizable value?
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