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What net realizable value of miller receivables at the end

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Problem 1: The Miller Company recognized $127,000 of service revenue earned on account during Year 2. There was no beginning balance in the accounts receivable and allowance accounts. During Year 2, Miller collected $84,000 of cash from accounts receivable. The company estimates that it will be unable to collect 3% of its sales on account. The net realizable value of Miller's receivables at the end of Year 2 was:

A. $46,810
B. $43,000
C. $39,190
D. $40,480

Reference no: EM132954383

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