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The Data Presented Below Is for Falconi, Inc ? What Amount Will Falconi Show on Its Year-End Balance

Question 4

Multiple Choice

The data presented below is for Falconi, Inc.for 2016.  Credit sales during the year $2,100,000 Accounts receivable-December 31, 2016 395,000 Allowance for doubtful accounts-December 31,2016 20,000 Bad debt expense for the year 17,000\begin{array}{lr}\text { Credit sales during the year } & \$ 2,100,000 \\\text { Accounts receivable-December 31, 2016 } & 395,000 \\\text { Allowance for doubtful accounts-December 31,2016 } & 20,000 \\\text { Bad debt expense for the year } & 17,000\end{array} ? What amount will Falconi show on its year-end balance sheet for the net realizable value of its accounts receivable?


A) $378,000
B) $375,000
C) $358,000
D) $ 20,000

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