During the Year, Kiner Company Made an Entry to Write

question 123

Multiple Choice

During the year, Kiner Company made an entry to write off a $16,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $200,000 and the balance in the allowance account was $18,000. The net realizable value of accounts receivable after the write-off entry was

• A) $200,000.
• B) $198,000.
• C) $166,000.
• D) $182,000.

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Definitions:

Ostracized

The act of excluding or ignoring someone from a social group, leading to feelings of isolation and rejection.

Strangers

Individuals who are unknown or unfamiliar to one another, often lacking personal interaction or acquaintance.

Rejection Sensitivity

A tendency to expect rejection from others and to become hypersensitive to possible rejection.

Emotional Rejection

The feeling of being denied or dismissed in an emotional or relational context.