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:

Complete Participant

A role in ethnographic research where the researcher fully participates in the community or context being studied, often without revealing their researcher status.

Researcher Objectivity

The principle of conducting study and analysis without letting personal biases or preconceptions affect the outcomes.

National Research Act

U.S. legislation passed in 1974 that established the National Commission for the Protection of Human Subjects of Biomedical and Behavioral Research.

Institutional Committee

A group of individuals within an organization appointed to oversee and manage specific tasks, such as ethical review processes for research.