During the Year, Bergh Company Made an Entry to Write

question 7

Multiple Choice

During the year, Bergh Company made an entry to write off a $4,000 uncollectible account.Before this entry was made, the balance in accounts receivable was $60,000 and the balance in the allowance account was $4,500.The net realizable value of accounts receivable after the write-off entry was

• A)$60,000.
• B)$59,500.
• C)$51,500.
• D)$55,500.

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Definitions:

Tight Cultures

Societies or organizations that have strict norms and a low tolerance for deviant behavior, leading to more uniformity in social conduct.

Uncertainty Avoidance

The degree to which a society tolerates risk and uncertainty.

Individualism

A theory in society that prioritizes individual freedom over the control of groups or the government.

Cultural Tightness

Describes the degree to which a culture holds tight norms and a low tolerance for deviant behavior, affecting how flexible or strict societal norms are.