Table 15.6 A Breakdown of Teffan, Inc.'s Outstanding Accounts Receivable Dated June

question 10

Multiple Choice

Table 15.6
A breakdown of Teffan, Inc.'s outstanding accounts receivable dated June 30, 2014 on the basis of the month in which the credit sale was initially made follows. The firm extends 30-day credit terms.
-Accounts receivable over 90 days total ________. (See Table 15.6)

• A) $200,000
• B) $470,000
• C) $300,000
• D) $100,000

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