Cortez Co Had Accounts Receivable Totalling $450,000 and an Allowance for for Doubtful

question 51

Multiple Choice

Cortez Co. had accounts receivable totalling $450,000 and an allowance for doubtful accounts with a balance of $5,000 on June 1, 2018. On June 2 Cortez wrote off $2,400of uncollectible accounts. The net carrying value of accounts receivable before and after the write-off was:

• A)Before $450,000 | After $450,000
• B)Before $445,000 | After $442,600
• C)Before $450,000 | After $445,000
• D)Before $450,000 |After $447,600
• E)Before $445,000 | After $445,000

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Definitions:

Communication Value

The significance or impact that effective communication has in achieving goals, building relationships, and solving problems.

Decorative Value

The aesthetic or ornamental worth that an object adds to its surroundings.

Visual Interest

Elements in design or visual media that attract and hold the viewer's attention through contrast, color, movement, etc.

Conceptual Relationship

The connection or association between ideas, theories, or concepts, often forming the basis for understanding or argument.