The Following Information Was Presented in the Balance Sheet of Acworth

question 87

Multiple Choice

The following information was presented in the balance sheet of Acworth Pools as of December 31, 2013: Select the incorrect statement from the following.

• A)The company expects to actually collect $1,700,000 of its receivables.
• B)The balance in the Accounts Receivable account in the company's general ledger is $1,700,000.
• C)The net realizable value of the company's receivables is $1,700,000.
• D)The company expects uncollectibles to total $200,000.

---

Definitions:

Skilled Workers

Individuals who have specialized training, experience, and expertise that enable them to perform complex tasks.

Labor Force

The total number of people employed or actively looking for employment in an economy.

Export-Promotion Strategy

An economic policy aimed at encouraging domestic producers to export goods, typically through government support measures like subsidies, tax incentives, or easing regulatory requirements.

Import-Substitution Strategy

An economic policy aimed at reducing foreign dependency by local production of industrialized products.