The Following Data Are from the Company's Records for 2013

question 128

Multiple Choice

The following data are from the company's records for 2013:

-Refer to the Ace Computing Company. The net realizable value of receivables appearing on the 2013 balance sheet will amount to

• A)$40,648.
• B)$39,648.
• C)$41,300.
• D)$39,800.

---

Definitions:

European Courts

Judicial institutions in Europe, including the Court of Justice of the European Union and the European Court of Human Rights, which handle matters ranging from EU law to human rights issues.

U.S. Courts

Judicial institutions within the United States responsible for interpreting laws, resolving disputes, and administering justice at federal and state levels.

Legal Assent

A promise to buy or sell that the courts will require that the parties obey.

Mutual Mistake

The result of an error by both parties about a material fact, i.e., one that is important in the context of a particular contract.