Aurora CoHad Accounts Receivable Totalling $450,000 and an Allowance for Doubtful

question 45

Multiple Choice

Aurora Co.had Accounts Receivable totalling $450,000 and an Allowance for Doubtful Accounts with a balance of $5,000 on December 1,2020.On December 2 Aurora wrote off $7,500 of uncollectible accounts.The net carrying value of Accounts Receivable before and after the writeoff was Before              After

• A)$450,000      $442,500.
• B)$445,000      $445,000.
• C)$445,000      $452,500.
• D)$445,000      $457,500.

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Definitions:

Prediction

The act of forecasting or estimating future events based on current information or trends.

Sexual Orientation

The enduring pattern of romantic or sexual attraction to persons of the opposite sex, the same sex, both sexes, or neither sex.

Conversion Therapy

A controversial practice aiming to change an individual's sexual orientation from homosexual or bisexual to heterosexual.

Heterosexual Orientation

A sexual orientation characterized by an emotional, romantic, or sexual attraction to individuals of the opposite sex.