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Compute how much is the net accounts receivable recognized

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Reference no: EM132490947

Question 1: If ABC cannot reliably estimate future returns. How much is the net accounts receivable recognized on the date of sale?

a. 20,000

b. 16,000

c. 15,000

d. 0

Point 1: On December 31, 20x1, ABC sold goods for P20,000 to XYZ on account. To induce sale, ABC provides its buyers the right to return goods within 30 days upon purchase if the buyers are not satisfied with the goods.

Reference no: EM132490947

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