Rimrock,Inc

question 162

Multiple Choice

Rimrock,Inc.used the aging of accounts receivable method.At December 31,management determined that the net realizable value of accounts receivable was $608,000.The balance in Accounts Receivable was $768,000 and the unadjusted credit balance in Allowance for Doubtful Accounts was $32,000.What was the amount of Bad Debt Expense for the year?

• A)$192,000
• B)$128,000
• C)$160,000
• D)$32,000

---

Definitions:

Cigarette

A thin cylinder of finely cut tobacco rolled in paper for smoking.

Deceive

To mislead or trick someone into believing something that is not true.

Business

The activity of making, buying, or selling goods or providing services in exchange for money.

Spelled Correctly

Correct formation of words with the proper letters in their conventional order.