The Following Information Is from the 2013 Records of Armadillo

question 74

Multiple Choice

The following information is from the 2013 records of Armadillo Camera Shop: Uncollectible accounts expense is estimated by the aging-of-accounts-receivable method. Management estimates that $2,850 of accounts receivable will be uncollectible. Which of the following will be the amount of Uncollectible accounts expense?

• A)$7,000
• B)$2,250
• C)$3,450
• D)$2,850

---

Definitions:

Damages

A monetary compensation awarded to an individual for loss or injury as a result of the violation of legal rights.

Public Company Accounting Oversight Board

An organization established to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports.

Sanctions

Penalties or measures imposed by a government or organization to enforce obedience or deter unacceptable behavior.

Disciplinary Proceedings

The formal process through which an organization or institution addresses and corrects violations of rules or codes of conduct by its members or employees.