The Amount of Uncollectible Accounts at the End of the Year

question 54

Multiple Choice

The amount of uncollectible accounts at the end of the year is estimated to be $25,000 using the aging of accounts receivable method.The balance in the Allowance for Doubtful Accounts account is an $8,000 credit before adjustment.Assuming no accounts are written off during the period,what will be the amount of bad debt expense for the period?

• A)$8,000.
• B)$17,000.
• C)$25,000.
• D)$33,000.

Understand the significance of organizational practices in retaining professional nurses and improving job satisfaction.

Comprehend the importance of safe staffing levels and the legal protections for nurses reporting unsafe conditions.

Recognize the role of professional organizations and legislation in promoting nurse safety and workplace improvements.

Understand the factors contributing to the nursing faculty shortage and its impact on nursing education.

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Promissory Estoppel

A principle enforcing a party’s promise to prevent injustice, even if the promise was not formalized into a contract.

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The act of depending on the promise, statement, or action of another on the grounds that it is sensible and justifiable to do so under the circumstances.