Using the Percentage-Of-Receivables Basis the Uncollectible Accounts for the Year

question 226

Multiple Choice

Using the percentage-of-receivables basis the uncollectible accounts for the year is estimated to be $33000. If the balance for the Allowance for Doubtful Accounts is a $5000 credit before adjustment what is the amount of bad debt expense for the period?

• A) $5000
• B) $28000
• C) $33000
• D) $38000

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Definitions:

Direct Applicants

Individuals who apply for a position directly with an employer, without intermediaries like recruiters or agencies.

Internal Recruitment

The process by which a business or organization seeks to fill vacancies from within its existing workforce, rather than by hiring externally.

Employee Referrals

A recruitment method where existing employees recommend potential candidates for open positions.

Employee Overtime

Extra hours worked beyond the standard workweek, often compensated at a higher pay rate according to labor laws and agreements.