The Following Information Is Provided for Atlanta Inc What Is the Amount of the Net Realizable Value of Balance

question 40

Multiple Choice

The following information is provided for Atlanta Inc.
$\begin{array}{lcc}\text { Balance Sheet}&2017&2016\\\text { Cash and cash equivalents } & \$ 89,000 & \$ 106,000 \\\text { Accounts Receivables, less allowance for doubtful } & & \\\text { accounts of } \$ 4,600(2017) \text { and } \$ 2,000(2016) & 198,000 & 154,000\end{array}$

What is the amount of the Net Realizable Value of the receivables at December 31, 2017?

• A)$198,000
• B)$154,000
• C)$193,600
• D)$190,400

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Definitions:

Systematic Desensitization

A therapeutic technique used to help patients overcome phobias and anxiety through gradual exposure to the feared object or situation coupled with relaxation exercises.

Transference

A psychological phenomenon where feelings, desires, and expectations from one person are unconsciously redirected and applied to another person, often discussed in psychoanalytic contexts.

Psychoanalysis

A therapeutic technique and theory of psychology developed by Sigmund Freud, focusing on understanding unconscious motives and conflicts.

Hostility

is a feeling or expression of deep-seated anger, antagonism, or aggression toward others or situations.