During Its First Year of Operations,Widgets Incorporated Reported Sales Revenue

question 112

Multiple Choice

During its first year of operations,Widgets Incorporated reported sales revenue of $386,000 but collected only $303,000 from customers.The amount to be reported as accounts receivable at the end of the year is:

• A)$689,000.
• B)$386,000.
• C)$303,000.
• D)$83,000.

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Definitions:

B Vitamins

A group of essential nutrients that play a role in cell metabolism and the synthesis of red blood cells.

Furosemide (Lasix)

A diuretic medication used to treat fluid retention and swelling caused by heart failure, liver disease, or kidney disease.

Potassium

An essential mineral and electrolyte necessary for the function of nerves and muscles, including the heart.

Preschool-Age Child

Refers to children who are in the age range of 3 to 5 years old, just before they enter the formal school system, emphasizing the importance of early childhood development and education during these formative years.