The Following Item Appeared on a Balance Sheet: Accounts Receivable

question 145

Multiple Choice

The following item appeared on a balance sheet: Accounts Receivable, less allowance of $58,104 …..$1,452,600
The gross balance in Accounts Receivable before the allowance was deducted was:

• A)$1,394,496.
• B)$1,452,600.
• C)$1,510,704.
• D)none of the above

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Definitions:

High Performance Work Systems

Organizational approaches designed to enhance employee effectiveness and productivity through improved work practices and technologies.

Employee Involvement

Programs and practices that encourage employees to contribute ideas and participate in decisions that affect their work and the organization.

Reengineering

The radical redesign of business processes to achieve dramatic improvements in productivity, cycle times, and quality.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making incremental improvements over time or implementing significant process changes.