The following information was presented in the balance sheet of Gloria Company as of December 31, 2016: Trade accounts receivable, net of allowance for uncollectibles of $100,000 $1,600,000 Which one of the following statements is true?
a. Gloria expects that $1,700,000 of accounts receivable will be collected after year end.
b. The balance in the Accounts Receivable account in Gloria's general ledger is $1,600,000.
c. The net realizable value of Gloria's accounts receivable is $1,600,000.
d. Gloria expects to collect only $1,500,000 from its customers.
c
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