An Analysis and Aging of the Accounts Receivable of Downs

question 225

Multiple Choice

An analysis and aging of the accounts receivable of Downs Company at December 31 revealed the following data: $\begin{array}{lrr} \text { Accounts Receivable } &\$800,000\\ \text { Allowance for Doubtful Accounts per books } &\\ \text { before adjustment (Cr.) } &50,000\\ \text {Amounts expected to become uncollectible } &53,000\\\end{array}$

The cash realizable value of the accounts receivable at December 31 after adjustment is:

• A) $694000.
• B) $747000.
• C) $750000.
• D) $794000.

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Definitions:

De La Chapelle Syndrome

A rare genetic condition, also known as XX male syndrome, where individuals have two X chromosomes but develop male characteristics.

Spermatogenesis

The production of male gametes (sperm) by meiosis and subsequent cell differentiation. Compare with oogenesis.

Philadelphia Chromosome

A specific genetic abnormality in chromosome 22, associated with chronic myeloid leukemia (CML).

Chronic Myelogenous Leukemia

A type of cancer that affects the bone marrow and blood, characterized by the overproduction of white blood cells.