Solve the Following Equation for Y: 3y + 24 =

question 60

Multiple Choice

Solve the following equation for y: 3y + 24 = 6y − 3

• A) 3
• B) 6
• C) 9
• D) 8
• E) 12

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Definitions:

Dishonor Of Note Receivable

Occurs when a promissory note's maker fails to make the scheduled payment to the note's holder when due.

Accounts Receivable

Amounts of money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Allowance For Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that is expected not to be collectible due to credit sales.

IFRS

International Financial Reporting Standards, a set of global accounting standards for financial reporting.