In Reviewing the Accounts Receivable, the Cash Receivable Value Is

question 141

Multiple Choice

In reviewing the accounts receivable, the cash receivable value is $28,000 before the write-off of a $2,000 account.What is the cash receivable value after the write-off?

• A)$28,000
• B)$2,000
• C)$30,000
• D)$26,000

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Definitions:

Joint Activity

A collaborative effort or project involving two or more parties working together towards a common goal.

Partnership

A legitimate business structure where multiple individuals participate in managing the operation and sharing its earnings.

Sold His Share

The act of transferring one's ownership interest in a company or partnership to another party.

Partnership

An authorized type of business collaboration where partners share both the management duties and the financial gains.