During Its First Year of Operations,Widgets Incorporated Reported Sales Revenue

question 112

Multiple Choice

During its first year of operations,Widgets Incorporated reported sales revenue of $386,000 but collected only $303,000 from customers.The amount to be reported as accounts receivable at the end of the year is:

• A)$689,000.
• B)$386,000.
• C)$303,000.
• D)$83,000.

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Definitions:

Founder Effects

A form of genetic drift that occurs when a new population is established by a very small number of individuals from a larger population, leading to limited genetic variation.

Color-Blindness

A deficiency in the way someone sees color, making it difficult to distinguish certain shades of color, typically red and green.

Population Bottleneck

A significant reduction in the size of a population due to environmental events (such as earthquakes, floods, fires, disease, or droughts) leading to a loss of genetic diversity.