Accounts Receivable Has a Balance of $16 000 and the Allowance

question 30

Multiple Choice

Accounts receivable has a balance of $16 000 and the Allowance for doubtful debts has a credit balance of $1 700. What is Net accounts receivable before and after a $60 account receivable is written off?

• A)$16 000 before and $15 940 after
• B)$14 300 before and $14 300 after
• C)$14 300 before and $14 240 after
• D)$16 000 before and $16 000 after

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Definitions:

Research and Development

The research efforts a company undertakes to enhance current products and processes or to facilitate the creation of new products and processes.

Marketable Value

The potential worth of a good or service that can be sold or traded in the market based on demand.

Efficiency-Enhancing Innovation

Innovations that significantly improve the productivity and performance of processes, systems, or technologies, often leading to cost reductions and improved outcomes.

Workflow Changes

Adjustments or transformations in the sequence of activities or processes within an organization aimed at improving efficiency, productivity, or operational effectiveness.