A Company Reports Net Accounts Receivable of $150,000 on Its

question 133

Multiple Choice

A company reports net accounts receivable of $150,000 on its December 31, 2015 balance sheet. The Allowance for Bad Debts has a credit balance of $15,000. What is the balance in Accounts Receivable?

• A)$155,000
• B)$150,000
• C)$165,000
• D)$135,000

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Definitions:

Health Psychology

A field of psychology that focuses on how psychological, behavioral, and cultural factors contribute to physical health and illness.

Prevention

Actions or measures taken to stop something undesirable, such as disease or accidents, from happening.

Diseases

Medical conditions characterized by abnormal functioning of the body or mind, leading to symptoms, distress, or impairment.

Lead Role

The central or primary character in a play, film, or other performance, typically driving the story's action.