A Company Reports Net Accounts Receivable of $152,000 on Its

question 91

Multiple Choice

A company reports net accounts receivable of $152,000 on its 31 December 2016 balance sheet.The Allowance for doubtful debts has a credit balance of $20,000.What is the balance in Accounts receivable?

• A)$157,000
• B)$172,000
• C)$152,000
• D)$132,000

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Definitions:

Predetermined Overhead Rates

Estimated rates used to allocate overhead costs to products or activities, based on selected bases like labor hours or machine hours.

Machine-Hours

A unit measure representing the operating time of machinery, used in calculating production costs and allocating expenses based on machine usage.

Molding

The process of shaping a material by introducing it into a rigid frame called a mold.

Customizing

The process of modifying products or services to meet specific customer demands or preferences.