Using the Following Information: During 2018, Sales on Account

question 141

Multiple Choice

Using the following information: During 2018, sales on account were $145,000 and collections on account were $100,000. Also during 2018, the company wrote off $4,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $40,000. The change in the cash realizable value from the balance at 12/31/17 to 12/31/18 was a

• A) $36,000 increase.
• B) $41,000 increase.
• C) $44,000 increase.
• D) $45,000 increase.

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Definitions:

Racialized Group Members

Individuals belonging to social groups that are classified or categorized based on physical characteristics or cultural heritage perceived by the dominant group as different or inferior.

Frustration Aggression Hypothesis

A theory suggesting that frustration, or the blockage of achieving a goal, leads to aggressive behavior as a form of displaced reaction.

Reaction Formation

A defense mechanism where an individual unconsciously replaces unacceptable thoughts or feelings with their opposites.

Displacement

A defense mechanism where emotional impulses are redirected from the original object to a safer or less threatening object.