Business, 08.04.2020 02:55 granniejo

Ace Co. prepared an aging of its accounts receivable at December 31, 2020 and determined that the net realizable value of the receivables was $300,000. Additional information is available as follows:information is available as follows:Allowance for uncollectible accounts at 1/1/12—credit balance $ 68,000Accounts written off as uncollectible during 2012 46,000Accounts receivable at 12/31/12 650,000Uncollectible accounts recovered during 2012 10,000For the year ended December 31, 2012, Ace's uncollectible accounts expense would bea. $50,000.b. $46,000.c. $32,000.d. $18,000.

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