Dorman Company Had the Following Items to Report on Its

question 62

Multiple Choice

Dorman Company had the following items to report on its balance sheet: $\begin{array}{lr}\text { Employee advances } & \$ 1,580 \\\text { Amounts owed by customers for the sale of services (due in } 30 \text { days) } & 3,050 \\\text { Refundable income taxes } & 1,120 \\\text { Interest receivable } & 950 \\\text { Accepted a formal instrument of credit for services (due in } 18 \text { months) } & 2,220 \\\text { A loan to company president } & 10,000\end{array}$ Based on this information what amount should appear in the "Other Receivables" category?

• A)$20300
• B)$13650
• C)$15030
• D)$17250

---

Definitions:

Embryonic Development

The process by which an embryo forms and develops, from the single-cell zygote stage to the establishment of body plan and organogenesis.

Hollow Ball

An early stage in embryonic development in many animals characterized by a spherical layer of cells surrounding a fluid-filled cavity.

Blastula

A preliminary phase in the development of embryos in animals, distinguished by a spherical formation made up of hollow cells.

Embryonic Development

The process by which an embryo forms and develops, starting from the fertilization of the egg to the fetus stage.