After the Accounts Are Adjusted and Closed at the End

question 89

Multiple Choice

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $340,000 and Allowance for Doubtful Accounts has a balance of $51,000. What is the net realizable value of the accounts receivable?

• A) $51,000
• B) $289,000
• C) $340,000
• D) $391,000

---

Definitions:

Nonzero Probabilities

This implies that events or outcomes have a likelihood greater than zero of occurring.

Disjoint Events

Two events that cannot occur at the same time, implying they have no outcomes in common.

P(B)

Represents the probability of the occurrence of event B in probability and statistics.

P(A|B)

Represents the probability of event A occurring given that event B has occurred.