Account in the companys general ledger

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Reference no: EM13916835

The following information was presented in the balance sheet of Acworth Pools as of December 31, 2013:

Trade accounts receivable, net of allowance for doubtful accounts of $200,000

$1,700,000

Select the incorrect statement from the following.

a. The balance in the Accounts Receivable account in the company's general ledger is $1,700,000.

b. The company expects to actually collect $1,700,000 of its receivables.

c. The net realizable value of the company's receivables is $1,700,000.

d. The company expects uncollectible to total $200,000.

Reference no: EM13916835

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