A Company Used the Aging of Accounts Receivable Method and at December

question 36

Multiple Choice

A company used the aging of accounts receivable method and at December 31 determined that the net realizable value of accounts receivable was $304,000.In addition,the records show the following: What was the amount of Bad Debt Expense for the year?

• A)$96,000
• B)$64,000
• C)$80,000
• D)$16,000

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Definitions:

Cryptochrome

A class of flavoproteins that are sensitive to blue light and have roles in the circadian rhythms of plants and animals.

Circadian Rhythm

A natural, internal process that regulates the sleep-wake cycle and repeats on each rotation of the Earth roughly every 24 hours.

Thigmomorphogenesis

The growth and developmental changes in plants that result from mechanical stimulation or touch.

Cytokinins

A class of plant hormones that promote cell division and growth, and delay senescence.