In Reviewing the Accounts Receivable, the Cash Realizable Value Is

question 43

Multiple Choice

In reviewing the accounts receivable, the cash realizable value is $16,000 before the write-off of a $1,500 account. What is the cash realizable value after the write-off?

• A) $1,500
• B) $14,500
• C) $16,000
• D) $17,500

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Definitions:

Sublimation

A defense mechanism in which socially unacceptable impulses or idealizations are unconsciously transformed into socially acceptable actions or behavior.

Altruism

The selfless concern for the well-being of others without expecting any reward.

Passive Aggression

A behavior characterized by indirect resistance to the demands of others and avoidance of direct confrontation.

Moderate Anxiety

A level of anxiety that is noticeable and can hinder some daily activities but does not completely incapacitate the person.