A Company Has an Ending Accounts Receivable Balance of $900,000

question 114

Multiple Choice

A company has an ending accounts receivable balance of $900,000 and it estimates that uncollectible accounts will be 2% of the receivable balance. If Allowance for Doubtful Accounts has a credit balance of $2,000 prior to adjustment, its balance after adjustment will be a credit of

• A) $20,000.
• B) $18,000.
• C) $17,960.
• D) $16,000.

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Definitions:

Sacred

Connected with God (or the gods) or dedicated to a religious purpose and so deserving veneration.

Public Practices

Behaviors, routines, or activities conducted in public contexts, reflecting societal values, norms, or traditions.

Durkheim

Refers to Émile Durkheim, a foundational French sociologist known for his work on social cohesion and the division of labor.

Rituals

In Durkheim’s usage are public practices designed to connect people to the sacred.