Dorman Company Had the Following Items to Report on Its

question 74

Multiple Choice

Dorman Company had the following items to report on its balance sheet: $\begin{array}{|l|r|}\hline \text { Em ployee advances } & \$ 1,580 \\\hline \text { Amounts owed by customers for the sale of services (due in 30 days) } & 3,050 \\\hline \text { Refundable income taxes } & 1,120 \\\hline \text { Interest receivable } & 950 \\\hline \text { Accepted a formal instrum ent of credit for services (due in 18 months) } & 2,220 \\\hline \text { A loan to company president } & 10,000 \\\hline \text { Dishonored a note for principal and interest which will eventually be collected } & 1,380 \\\hline\end{array}$ Based on this information, what amount should appear in the "Other Receivables" category?

• A)$20,300
• B)$13,650
• C)$15,030
• D)$17,250

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Definitions:

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The condition of being influenced, controlled, or governed by external forces or other people, as opposed to autonomy.

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