Manley Operates a Law Practice on the Accrual Method and Calendar

question 95

Multiple Choice

Manley operates a law practice on the accrual method and calendar year. At the beginning of the year, Manley's firm had an allowance for doubtful accounts with a balance of $15,000. At the end of the year, Manley recorded bad debt expense of $23,000 and the balance of doubtful accounts had increased to $18,000. What is Manley's deduction for bad debt expense this year?

• A)$23,000
• B)$3,000
• C)$26,000
• D)$5,000
• E)$20,000

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Definitions:

Carl Jung

Carl Jung was a Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for concepts like the collective unconscious and archetypes.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

The Self

The individual's conception and expression of their identity, personality, abilities, and beliefs.

Unconscious Mind

A part of the mind that is not accessible to an individual's awareness, harboring thoughts, memories, and desires that influence behavior and personality.