During Its First Year of Operations,Widgets Incorporated Reported Sales Revenue

question 107

Multiple Choice

During its first year of operations,Widgets Incorporated reported Sales Revenue of $386,000 but collected only $303,000 from customers.At the end of the year,Accounts Receivable equal:

• A) $689,000.
• B) $386,000.
• C) $303,000.
• D) $83,000.

---

Definitions:

Foetal Stage

The developmental period in humans from the ninth week after conception until birth, during which significant growth and organ development occur.

Embryonic Stage

A critical phase in development spanning from conception to the end of the 8th week where major organs and structures start to form in an embryo.

Germinal Stage

The initial two weeks of prenatal development after conception, characterized by rapid cell division and the beginning of cell differentiation.

Embryonic Stage

A critical phase of early development in multicellular organisms, during which the embryo forms and differentiates into specific cell types and structures.