Using the Percentage-Of-Receivables Basis, the Uncollectible Accounts for the Year

question 87

Multiple Choice

Using the percentage-of-receivables basis, the uncollectible accounts for the year is estimated to be $38,000. If the balance for the Allowance for Doubtful Accounts is a $7,000 credit before adjustment, what is the amount of bad debt expense for the period?

• A) $7,000
• B) $31,000
• C) $38,000
• D) $45,000

---

Definitions:

Fear

An emotional response to a perceived threat, which triggers a physiological reaction aimed at avoiding or confronting the danger.

Predict

To declare or indicate a future event or outcome based on observation, experience, or scientific reasoning.

Unconditional Positive Regard

A term in psychology that expresses accepting and supporting a person regardless of what they say or do, especially used in client-centered therapy.

Empathetically Listen

The act of listening with empathy, which involves fully understanding and being sensitive to the feelings and thoughts of another person.