David's financial statements revealed uncollectible accounts expense of $18‚000‚ accounts receivable of $150‚000‚ and allowance for uncollectible accounts of $22‚000. The net realizable value of david's accounts receivable is:
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Accounts receivables 1,50,000
Less: Uncollectible (bad debt) 18,000
Less: Allowance 22,000
Net realizable value of accounts receivables = 1,10,000.
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