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What is the net realizable value

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Question - An aging analysis of Trucker Company's accounts receivable at December 31 2015 showed the following:

AR: 350,000.00 DEBIT

ALLOWANCE FOR BAD DEBT BEFORE ADJUSTMENT: 15,000.00 CREDIT

ACCTS DEEMED UNCOLLECTABLE: 32,000.00

Sales returns and allowances are estimated at 3% of the gross A/R balance. What is the net realizable value of the A/R of Trucker company for December 31 2015?

a) 307,500.00

b) 303,000.00

c) 292,500.00

d) 324,500.00

Reference no: EM132998954

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