Lannister, Inc. reports a balance of $28,000 in Accounts Receivable and $3,450 in the Allowance for Uncollectible Accounts. What is the net realizable value of the receivables?
A) $3,450
B) $24,550
C) $28,000
D) $31,450
B) $24,550
Explanation: A/R - Allowance for Uncollectible Accounts = net realizable receivables; ex: $28,000 - $3,450 = $24,550
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