The Following Accounts Were Included on Mali Co

question 287

Multiple Choice

The following accounts were included on Mali Co.'s unadjusted trial balance at December 31, 2013: Mali estimates that 1.5 % of the gross accounts receivable will become uncollectible.After the proper adjustment at December 31, 2013, the allowance for doubtful accounts should have a credit balance of

• A)$23,750.
• B)$12,750.
• C)$11,000.
• D)$ 1,750.

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Definitions:

Parsimony

In science and philosophy, the principle that the simplest explanation of an event or observation is preferred over a more complex explanation.

Demand Characteristics

Demand characteristics refer to subtle cues or signals in a study that communicate to participants how they are expected to behave.

Placebo Effects

The beneficial effects of a treatment that arise from the patient's expectations rather than from the treatment itself.

Survey

A research method involving the collection of data from a pre-defined group of respondents to gather information and insights on various topics.