Using the Following Information: During 2015, Sales on Account

question 145

Multiple Choice

Using the following information: During 2015, sales on account were $145,000 and collections on account were $100,000. Also during 2015, the company wrote off $4,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $40,000. Bad debt expense for 2015 is

• A)$4,000.
• B)$5,000.
• C)$9,000
• D)$40,000.

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Definitions:

Soft Determinists

Philosophers who believe that while human behavior is influenced by external factors, individuals still possess the ability to make choices, blending determinism with free will.

Determinism

The belief in philosophy that every event, including decisions on moral issues, is fully predetermined by preceding causes.

Compatible

The ability of two or more concepts, systems, or devices to work together without conflict or incompatibility.

Sartre

A 20th-century French philosopher, playwright, novelist, and political activist, known for his leading role in existentialism and his assertion that "existence precedes essence."