XYZ Company Had an Accounts Receivable Account Balance of $300

question 26

Multiple Choice

XYZ Company had an accounts receivable account balance of $300 000 and allowance for doubtful debts account balance of $12 500 prior to writing off a bad debt of $3000. The estimated net realisable value of accounts receivable before and after the write-off were, respectively:

• A) $12 500 and $309 500.
• B) $287 500 and $284 500.
• C) $287 500 and $287 500.
• D) $300 000 and $297 000.

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Definitions:

Nasopharynx

The upper part of the pharynx, connecting the nasal cavity above the soft palate to the oropharynx.

Oropharynx

Portion of the pharynx that lies posterior to the oral cavity; it is continuous above with the nasopharynx and below with the laryngopharynx.

Laryngopharynx

Part of the pharynx lying posterior to the larynx.

Saliva

A clear liquid secreted by the salivary glands in the mouth, which aids in digestion and keeps the mouth moist.