Based on the Aging of Its Accounts Receivable at December

question 74

Multiple Choice

Based on the aging of its accounts receivable at December 31,Quanto Company determined that the net realizable value of the receivables at that date is $760,000.Additional information is as follows:

Quanto's doubtful accounts expense for the year ended December 31 is

• A)$80,000.
• B)$96,000.
• C)$120,000.
• D)$160,000.

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Definitions:

Zygote Germination

The process by which a zygote begins to grow and develop into a new organism, typically after a period of dormancy in plants.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of gametes or spores.

Zoosporangium

A structure in fungi and some algae that produces zoospores, which are a type of motile spore.

Resting Sporangium

The structure in fungi and plants where spores are produced and stored, typically dormant until favorable conditions arise.