Use the Following Information for Questions

question 27

Multiple Choice

Use the following information for questions
Under the aging of a company's accounts receivable, the uncollectible accounts are estimated to be $24,000. The unadjusted balance for the Allowance for Doubtful Accounts is $8,000 credit.
-What is the amount of bad debts expense for the year?

• A)$32,000
• B)$24,000
• C)$16,000
• D)$ 8,000

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Definitions:

Employee Retention

The ability of an organization to retain its employees and reduce turnover by creating a positive working environment and offering incentives.

Gain

An increase in wealth, resources, or advantages, often realized through investment, business operations, or other economic activities.

Existing Partners

Current collaborative entities or individuals that are engaged in a business agreement or relationship with one another.

Key Managers

Critical individuals within an organization responsible for making important decisions and driving its success.