After the Accounts Are Adjusted and Closed at the End

question 55

Multiple Choice

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $500,000 and Allowance for Doubtful Accounts has a balance of $25,000.What is the net realizable value of the accounts receivable?

• A) $25,000
• B) $525,000
• C) $500,000
• D) $475,000

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Definitions:

Centralized Selection

A recruitment approach where hiring decisions and processes are managed from a central location or department within an organization to ensure consistency and efficiency.

Discrimination

Unfair or prejudicial treatment of individuals based on characteristics like race, gender, age, or religion.

Online Assessment

Evaluation or testing conducted over the internet to measure skills, knowledge, aptitudes, or qualifications.

Valid Predictors

Assessment tools or indicators that accurately forecast future performance or outcomes.