Leno, Inc Data for Leno, Inc for 2012 are presented below. Credit sales during the year $3,200,000 Accounts receivable--December 31, 2012 325,000 Allowance for bad debts--December 31, 2012 35,000 Bad debt expense for the year 20,000 Refer to the information given above for Leno, Inc What amount will Leno show on its year-end balance sheet for the net realizable value of its accounts receivable?
A) $305,000
B) $290,000
C) $280,000
D) $325,000
B
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