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What is the cash realizable value of receivables reported

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Question - Vivian, Inc had net sales in 2015 of €700,000. At December 31, 2015, before adjusting entries, the balances in selected accounts were: accounts receivable €125,000 debit, and allowance for doubtful accounts €1,200 credit. Vivian estimates that 2% of its net sales will prove to be uncollectable. What is the cash realizable value of the receivables reported on the statement of financial position at December 31, 2015?

Reference no: EM133131070

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