The CHS Company Has Provided the Following Information: • Accounts

question 16

Multiple Choice

The CHS Company has provided the following information: • Accounts receivable written-off as uncollectible during the year amounted to $11,500.
• The accounts receivable balance at the beginning of the year was $150,000.
• The accounts receivable balance at the end of the year was $210,000.
• The allowance for doubtful accounts balance at the beginning of the year was $14,000.
• The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12,900.
• Credit sales during the year totaled $900,000.
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How much was CHS Company's bad debt expense?

• A)$11,500.
• B)$12,900.
• C)$10,400.
• D)$14,000.

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Definitions:

Crude Birth Rate

The number of live births per 1,000 population in a given year.

Live Births

The event of giving birth to a baby who shows signs of life after being born.

Population

Is the entire group about which a researcher wishes to generalize.

Emigration

The act of leaving one's country to settle permanently in another.