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:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, including the mean, median, and mode as common examples.

Household Incomes

The total income earned by all members of a household, encompassing all financial sources.

Annual Income

The total amount of money earned or received in a year from employment, investments, or other sources before taxes and deductions.

Symmetrical

Symmetrical refers to an object or design that is evenly proportioned and balanced in size and shape on both sides.