The Accounts Receivable Account Has a Beginning Balance of $52,000

question 28

Multiple Choice

The Accounts Receivable account has a beginning balance of $52,000 and an ending balance of $69,000. If $42,000 was sold on account during the year, what were the total collections on account?

• A) $25,000
• B) $59,000
• C) $69,000
• D) $79,000

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Definitions:

Impression Management

The process by which individuals attempt to control the impressions others form of them, especially in social or professional contexts.

Ideal Self

An individual’s conception of how they would like to be, often serving as a motivational driver in behavior and personal goals.

Real Self

An individual's authentic self-concept, free from societal expectations and pressures, representing true personal identity and beliefs.

Imbibing Idiot Bias

is a cognitive bias that suggests people expect individuals who consume alcohol to also exhibit foolish, reckless, or irrational behavior.