After the Accounts Are Adjusted at the End of the Fiscal

question 68

Multiple Choice

After the accounts are adjusted at the end of the fiscal year,Accounts Receivable has a balance of $430,000 and Allowance for Doubtful Accounts has a balance of $30,000.What is the net realizable value of the receivables?

• A)$30,000
• B)$460,000
• C)$430,000
• D)$400,000

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Definitions:

Tightening

The process of making a system or operation more efficient, often by reducing costs or eliminating unnecessary elements.

Grammatical Errors

Mistakes made in the use of grammar, affecting the clarity and correctness of written or spoken language.

Unnecessary Fillers

Superfluous words or sounds used by speakers during communication that do not add meaning to the message.

Long Lead-ins

Long lead-ins are introductory sections in writing or speeches that take considerable time before getting to the main point or argument.