After Aging the Accounts Receivable, It Is Estimated That $420

question 10

Multiple Choice

After aging the accounts receivable, it is estimated that $420 will not be collected and the allowance account has an existing debit balance of $100. If accounts receivable is $145,000, the net receivables would be

• A) $145,000.
• B) $144,580.
• C) $144,900.
• D) $144,480.

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Definitions:

Micro-culture

A smaller culture or subculture within a larger cultural context, characterized by its own norms, values, and practices.

Saving Face

The act of preserving one's reputation, dignity, or respect in a social context.

Compromise

An agreement or settlement of a dispute reached by each side making concessions.

Forcing

The act of making someone do something against their will or without their consent.