Gross Accounts Receivable Is $15,000

question 74

Multiple Choice

Gross Accounts Receivable is $15,000.Allowance for Doubtful Accounts has a credit balance of $300.Net credit sales for the year are $140,000.In the past,1% of credit sales had proved uncollectible.What would be the adjusted balance of the Allowance account under the income statement approach?

• A)$2,400
• B)$1,700
• C)$1,400
• D)$1,100

Recognize the purpose and use of destination folders for copying or moving documents and messages.

Comprehend the importance of creating backups for important files and messages.

Identify and understand the challenges related to unsolicited emails or junk mail.

Grasp the concept and function of incoming and outgoing email servers and their roles in email communication.

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Definitions:

Arbitrary Approach

A method or decision-making process based on random choice or personal whim, rather than any reason or system.

Conflict Manager

A person or tool designed to help handle, resolve, or mitigate disputes or conflicts within a group or organization.

Thomas-Kilman Conflict Model

The Thomas-Kilman Conflict Model is a framework for understanding different conflict handling styles, including competing, collaborating, compromising, avoiding, and accommodating.

Accommodating Style

A conflict resolution approach where one party makes concessions to allow the other party to satisfy their concerns.