An Aging-Of-Accounts-Receivable Method Indicates That Amount of Uncollectible Accounts Is

question 105

Multiple Choice

An aging-of-accounts-receivable method indicates that amount of uncollectible accounts is $7,200.The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $2,000. The amount of the adjusting entry for uncollectible accounts expense should be:

• A)$9,200.
• B)$7,200.
• C)$5,200.
• D)$2,000.

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other cultures.

Multicultural Competence

The capability to understand, communicate with, and effectively interact with people across cultures.

Diversity

The inclusion and representation of different groups of people, embracing various backgrounds, cultures, perspectives, and experiences.

Egalitarianism

A belief in the equality of all people, advocating for equal rights, opportunities, and treatment across different dimensions such as gender, religion, and ethnicity.