A Company Had the Following Partial List of Account Balances

question 121

Multiple Choice

A company had the following partial list of account balances at year-end: $\begin{array}{lr}\text { Sales Returns and Allowances } & \$ 1,000 \\\text { Accounts Receivable } & 38,000 \\\text { Sales Discounts } & 2,100 \\\text { Sales Revenue } & 95,000 \\\text { Allowance for Doubtful Accounts } & 1,200\end{array}$ How much is net sales revenue?

• A) $91,900.
• B) $90,700.
• C)$89,900.
• D)$88,600.

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Definitions:

Social Loafing

A situation in which people put in less effort towards reaching a goal when they are part of a group compared to when they are working solo.

Conformity

is the behavioral change to align with the norms or standards of a group, often influenced by peer pressure or the desire to fit in.

Unusual

Deviating from what is typical or expected, often attracting attention because of its distinctiveness or strangeness.

Ordinary

Commonplace or standard, not special or exceptional.