A Company That Uses the Allowance Method, Writes-Off a Receivable

question 192

Multiple Choice

A company that uses the allowance method, writes-off a receivable of $7000. Prior to the journal entry, the credit balance in the Allowance for Uncollectible Accounts was $18,432 and Accounts Receivable were $2,001,000. After the entry to write-off the receivable is made, the net realizable value of Accounts Receivable will be:

• A)$1,975,568.
• B)$1,982,568.
• C)$1,994,000.
• D)$2,001,000.

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Definitions:

Employee Performance

A measure of how well an employee fulfills their job duties and executes tasks.

Individual Differences

Pertains to the variations or distinctions in the characteristics, traits, or behavior patterns among individuals.

Stress And Performance

Refers to the relationship between stress levels and performance output, suggesting that a moderate level of stress can enhance performance, while too much or too little stress can impede it.

High And Low Levels

Ranges of intensity, quantity, or degree in various contexts.