The Allowance for Uncollectible Accounts Currently Has a Credit Balance

question 95

Multiple Choice

The Allowance for uncollectible accounts currently has a credit balance of $900.After analyzing the accounts in the accounts receivable subsidiary ledger using the aging method,the company's management estimates that uncollectible accounts will be $15,000.
-What will be the amount of Uncollectible accounts expense reported on the income statement?

• A) $15,900
• B) $14,900
• C) $14,100
• D) $15,000

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Definitions:

SMART Goals

Objectives that are Specific, Measurable, Achievable, Relevant, and Time-bound, making them clear and reachable.

Employee Empowerment

A management philosophy that emphasizes giving employees autonomy, resources, and skills to make decisions and contribute to the company's success.

Instrumental Values

Values that are considered as means to an end, serving as tools or methods to achieve something else of importance.

Milton Rokeach

An American psychologist known for his work on human values and beliefs, including the development of the Rokeach Value Survey.