A Company Has Total Accounts Receivable of $500,000 at Year-End

question 93

Multiple Choice

A company has total accounts receivable of $500,000 at year-end.It estimates that uncollectible accounts will be 3% of accounts receivable.If Allowance for Doubtful Accounts has a credit balance of $2,000 prior to adjustment, its balance after adjustment will be a credit balance of

• A)$17,000.
• B)$13,000.
• C)$14,940.
• D)$15,000.

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Definitions:

Masculine or Feminine

Terms that describe qualities or attributes traditionally associated with men and women, respectively.

Cultural Learning

The process by which individuals acquire the values, norms, behaviors, and social skills appropriate to their culture.

Induction

A method of childrearing in which the parent appeals to the child’s own abilities, sense of responsibility, and feelings for others in correcting the child’s misbehavior.

Power Assertion

A method of childrearing in which the parent uses punishment and authority to correct the child’s misbehavior.