The Amount of Uncollectible Accounts at the End of the Year

question 215

Multiple Choice

The amount of uncollectible accounts at the end of the year is estimated to be $25,000,using the aging of accounts receivable method.The balance in the Allowance of Doubtful Accounts account is an $8,000 credit before adjustment.What is the adjusted balance of the Allowance for Doubtful Accounts at the end of the year?

• A)$8,000
• B)$17,000
• C)$25,000
• D)$33,000

Recognize the importance of socialization in developing prosocial behavior.

Understand mutualism and its explanations for cooperative behavior.

Understand the concept of empathy and its role in prosocial behavior.

Recognize the influence of social learning and modeling on helping behaviors.

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Definitions:

Proprietary Fund

A type of fund used in governmental accounting that is used to account for activities similar to those found in the private sector, where the payment of fees by external users for goods or services provided by the fund is the principal source of revenue.

Special Tax Levy

A tax imposed for a specific purpose, often by local or state governments, beyond regular taxing mechanisms.

Environmental Preservation

Actions and policies aimed at protecting the natural environment from degradation and pollution to ensure its health and sustainability for future generations.

Derived Tax Revenue

Income obtained by government authorities through taxation that is influenced or generated from specific business activities or transactions.