Ace Co. prepared an aging of its accounts receivable at December 31, 2018 and determined...
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Accounting
Ace Co. prepared an aging of its accounts receivable at December 31, 2018 and determined that the net realizable value of the receivables was $600,000. Additional information is available as follows:
Allowance for doubtful accounts at 1/1/18credit balance $ 68,000
Accounts written off as uncollectible during 2018 46,000
Accounts receivable at 12/31/18 650,000
For the year ended December 31, 2018, Ace's bad debt expense would be
a. $50,000.
b. $46,000.
c. $32,000.
d. $18,000.
e. None of the above
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