During 2015, Alfred Inc

question 82

Multiple Choice

During 2015, Alfred Inc. had sales on account of $198,000, cash sales of $81,000, and collections on account of $126,000. In addition, they collected $2,175 which had been written off as uncollectible in 2014. As a result of these transactions, the change in the accounts receivable balance indicates a

• A)$69,825 increase.
• B)$72,000 increase.
• C)$150,825 increase.
• D)$153,000 increase.

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Definitions:

Helping

Refers to the act of providing assistance or support to others, often to improve their situation or well-being.

Vicarious Learning Experience

Learning that occurs by observing the actions and consequences of others' behavior, rather than through direct experience.

Sibling Competition

The rivalry among siblings for resources, attention, and recognition from their parents or caregivers.

Mental Maturing

The process of psychological and emotional growth, leading to more mature thought processes and behaviors.