A Company Used the Aging of Accounts Receivable Method

question 142

Multiple Choice

A company used the aging of accounts receivable method.At December 31,management determined that the net realizable value of accounts receivable was $304,000.The balance in Accounts Receivable was $384,000 and the unadjusted credit balance in Allowance for Doubtful Accounts was $16,000.What was the amount of Bad Debt Expense for the year?

• A) $96,000
• B) $64,000
• C) $80,000
• D) $16,000

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Definitions:

Emotional Decisions

Choices made based on feelings and emotions rather than logical analysis, often influenced by personal biases and subjective experiences.

Vice President

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