The Following Information Is Related to December 31, 2013 Balances

question 6

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. The change in the cash realizable value from the balance at 12/31/13 to 12/31/14 was

• A) $68,000 increase.
• B) $80,000 increase.
• C) $57,000 increase.
• D) $69,000 increase.

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