The Following Information Is Related to December 31, 2013 Balances

question 81

Multiple Choice

The following information is related to December 31, 2013 balances. During 2014 sales on account were $195,000 and collections on account were $115,000. Also, during 2014 the company wrote off $11,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $72,000. Bad debt expense for 2014 is:

• A) $23,000.
• B) $12,000.
• C) $72,000.
• D) $ 1,000.

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Definitions:

Telegraphic Speech

Short, simple sentences typical of early child language development, resembling telegrams, often consisting only of essential words.

Overregularization

A language learning process in which children apply general grammatical rules too widely, often leading to grammatical errors.

Past Tense of Verbs

The form of verbs used to describe actions that have already happened.

Chomsky

Refers to Noam Chomsky, a prominent linguist, philosopher, and cognitive scientist known for his significant contributions to the development of generative grammar and criticism of behaviorism.