Teeming Company Uses the Allowance Method of Accounting for Bad

question 12

Multiple Choice

Teeming Company uses the allowance method of accounting for bad debts.The following summary schedule was prepared from an aging of accounts receivable outstanding on December 31 of the current year.
The following additional information is available for the current year:

-See Teeming Company information above.If Teeming bases its estimate of bad debts on the aging of accounts receivable,doubtful accounts expense for the current year ending December 31 is

• A) $47,000.
• B) $48,000.
• C) $50,000.
• D) $54,000.

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Definitions:

Learned Behavior

Actions or reactions acquired through experience, as opposed to being innate.

Cues

Stimuli that signal the availability of reinforcement or punishment, affecting the likelihood of a particular behavior being emitted.

Acquired Drives

Secondary drives that are learned or acquired over time, such as the drive for money or social approval.

Anticipatory Goal Responses

Refers to behaviors or reactions that occur in anticipation of a goal or reward, often seen in the context of conditioning and learning.