A Company Used the Aging of Accounts Receivable Method and at December

question 105

Multiple Choice

A company used the aging of accounts receivable method and at December 31 determined that the net realizable value of accounts receivable was $304,000. In addition, the records show the following: What was the amount of Bad Debt Expense for the year?

• A) $96,000
• B) $64,000
• C) $80,000
• D) $16,000

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Definitions:

Renal Column

The portion of the renal cortex between the renal pyramids.

Pyramids

Ancient monumental structures, typically with a square base and four triangular sides, found in various civilizations.

Glomerulus

A group of capillaries in the renal corpuscle.

Renal Corpuscle

Corpuscle that is composed of the glomerulus and the glomerular capsule. The filtration of blood occurs here.