Using the Aging- Of- Accounts- Receivable Method to Estimate Uncollectibles

question 95

Multiple Choice

Using the aging- of- accounts- receivable method to estimate uncollectibles, Avidity Corporation estimates that $3,550 of its accounts receivable will be uncollectible. Prior to adjustment, the Allowance for Uncollectible Accounts has a credit balance of $800. Uncollectible account expense to be reported on the income statement is:

• A)$800.
• B)$2,750.
• C)$4,350.
• D)$3,550.

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Definitions:

Performativity

A theory that suggests identity is constructed through the performance of actions in accordance with societal norms and expectations.

Ethnomethodological

Pertaining to ethnomethodology, a sociological perspective focused on the way people make sense of their everyday lives through the use of common-sense knowledge and procedures.

Doing Gender

The idea that gender is a socially constructed role performed by individuals, highlighting how actions and behaviors contribute to the perception of oneself as masculine or feminine.

Transgender

Referring to a person whose gender identity does not correspond with the sex they were assigned at birth.