Stonehaven Co

question 59

Multiple Choice

Stonehaven Co.reported sales on an accrual basis of £109,000.If accounts receivable increased £31,000, and the allowance for doubtful accounts increased £10,000 after a write-off of £3,000, what amount of cash sales does Stonehaven have?

• A)£75,000
• B)£65,000
• C)£85,000.
• D)£91,000.

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Definitions:

Tibia

The tibia, also known as the shinbone, is a large bone in the lower part of the leg, located between the knee and ankle, medial to the fibula.

Talus

A bone in the ankle that sits above the calcaneus and below the tibia and fibula, playing a critical role in the ankle’s ability to move.

Zygomatic Bone

A bone in the human skull situated at the upper and lateral part of the face, forming the prominence of the cheek and part of the outer eye socket.

Temporal Bone

Two bones that make up segments of the skull's sides and encase the ear's components.