The Following Information Is from the Records of Sumter,Inc

question 46

Multiple Choice

The following information is from the records of Sumter,Inc.for the year ended December 31,2014.

If the basis for estimating bad debts is 1 percent of net sales,the correct amount of doubtful accounts expense for 2014 is

• A)$22,800.
• B)$23,200.
• C)$28,880.
• D)$34,880.

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Definitions:

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Individuals or entities that have the capability to invest capital in a project or company but have not yet committed to the investment.