An analysis and aging of the accounts receivable of Yates Company at December 31 reveal these data: Accounts receivable $ 1,600,000 Allowance for doubtful accounts per books before adjustment (credit) 100,000 Amounts expected to become uncollectible 130,000 What is the cash realizable value of the accounts receivable at December 31 after adjustment?

An analysis and aging of the accounts receivable of Yates Company at December 31 reveal these data: Accounts receivable $ 1,600,000 Allowance for doubtful accounts per books before adjustment (credit) 100,000 Amounts expected to become uncollectible 130,000 What is the cash realizable value of the accounts receivable at December 31 after adjustment?

An analysis and aging of the accounts receivable of Yates Company at December 31 reveal these data:
Accounts receivable $ 1,600,000
Allowance for doubtful
accounts per books before
adjustment (credit) 100,000
Amounts expected to become
uncollectible 130,000
What is the cash realizable value of the accounts receivable at December 31 after adjustment?






a. $1,370,000
b. $1,500,000
c. $1,600,000
d. $1,470,000






Answer: D