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At the end of March,the unadjusted trial balance of Tutor,Inc.included the following accounts:
-Tutor uses the income statement approach in estimating uncollectible accounts expense,and uncollectible accounts expense is estimated to be 3% of credit sales.The net realizable value of Tutor's accounts receivable in the March 31 balance sheet is:
A) $251,800.
B) $253,500.
C) $224,700.
D) $255,300.
Correct Answer:
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