What Was the Percentage of Change in Accounts Receivable If

question 9

Multiple Choice

What was the percentage of change in Accounts Receivable if the balance was $80,000 in 2015 and $59,000 in 2016? (Round your final answer to two decimal places, X.XX%.)

• A)-26.25%.
• B)+26.25%.
• C)-35.59%.
• D)+35.59%.

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Definitions:

Cost Of Production Report

A document that summarizes the production and cost activity within a specific period, often used in process costing environments.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.

Cost Per Equivalent Unit

The rate used to allocate costs between completed and partially completed production.

Equivalent Units

A concept used in cost accounting to express the amount of work done on partially finished goods as a percentage of the work needed to complete them.