Using the Following Information: During 2011, Sales on Account

question 204

Multiple Choice

Using the following information: During 2011, sales on account were €290,000 and collections on account were €172,000.Also during 2011, the company wrote off €16,000 in uncollectible accounts.An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at €108,000. The change in the cash realizable value from the balance at 12/31/10 to 12/31/11 was a

• A)€100,000 increase.
• B)€118,000 increase.
• C)€84,000 increase.
• D)€102,000 increase.

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Definitions:

Pollution Emission

The release of pollutants into the environment, typically from industrial processes or vehicles.

Pollution Reduction

The process of decreasing the amount of pollutants that are released into the environment.

Total Cost

The complete cost of production, including both fixed and variable costs, incurred by a business in the production of goods or services.

Pollution Permits

Legal authorizations allowing entities to emit a specific amount of pollutants into the environment, used to regulate and reduce overall pollution levels.