The following information was presented in the balance sheet of Acworth Pools as of December 31:
Trade accounts receivable, net of allowance for doubtful accounts of $200,000$1,700,000
Select the incorrect statement from the following.
A. The company expects to actually collect $1,700,000 of its receivables.
B. The balance in the Accounts Receivable account in the company's general ledger is $1,700,000.
C. The net realizable value of the company's receivables is $1,700,000.
D. The company expects uncollectibles to total $200,000.
Answer: B
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