Profile Corporation
the Following Data Concern Profile Corporation for 2012

question 79

Multiple Choice

Profile Corporation
The following data concern Profile Corporation for 2012.
Accounts receivable --january 1, 2012 $\quad\quad$ $\$250,000$
Credit sales during 2012 $\quad\quad$ $1,000,0000$
Collections from credit customers during 2012 $\quad\quad$ 750,000
Allowance far bad debts-jaruary 1,2012 $\quad\quad$ 20,000
Eitimated uncollected accounts based on an aging aralysis $\quad\quad$ 45,000
- Refer to the information provided for Profile Corporation. If the aging method is used to estimate bad debts, what amount should be recorded as bad debt expense for 2012?

• A) $45,000
• B) $20,000
• C) $25,000
• D) $15,000

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Definitions:

Values

Fundamental beliefs or standards that dictate an individual's behavior and decision-making, shaping their perception of right and wrong.

Incongruent Conflicts

Disputes arising from differences in goals, values, or interests between individuals or groups.

Achievement

The successful attainment of objectives or goals through effort, skill, or courage.

Material Gain

Acquiring physical objects or wealth as a result of completing a task or achieving a goal.