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What is the net realizable value of the accounts

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Reference no: EM132632403

Question - On September 1, Cooper Company had the following account balances: Accounts Receivable, $79,500; Allowance for Uncollectible Accounts, $2,620.

On September 5, Cooper Company determines that the balance owed by their customer, Martin Company, was uncollectible, and Martin's account of $650 is written off.

Required -

(a) What is the net realizable value (NRV) of the accounts receivable on September 1?

(b) What is the NRV on September 5?

Reference no: EM132632403

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