Reference no: EM132568089
On the December 31, 2017, Statement of Financial Position of ABC Co., the current receivables consisted of the following:
Trade accounts receivable 93,000
Allowance for uncollectible accounts (2,000)
Claim against shipper for goods lost in transit (November 2017) 3,000
Selling price of unsold goods sent by Santos on consignment at 130% of cost (not included in Santos' ending inv) 26,000
Security deposit on lease of warehouse used for storing some inventories 30,000
Question 1: At December 31, 2017, the correct total of ABC's current accounts receivables was?
Option 1: P120,000
Option 2: Answer not given
Option 3: P150,000
Option 4: P124,000
Option 5: P94,000
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