Based on the aging of its accounts receivable at December 31 . Quanto Company determined that the net realizable value of the receivables at that date is $760,000 . Additional information is as follows: Accounts Receivable at December 31 ................ $880,000 Allowance for Doubtful Accounts at January 1 ...... 128,000 (cr) Accounts written off as uncollectible during the year
............................................ 88,000 Quanto's doubtful accounts expense for the year ended December 31 is
a. $80,000.
b. $96,000.
c. $120,000.
d. $160,000.
A
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