After the Accounts Are Adjusted and Closed at the End

question 6

Multiple Choice

After the accounts are adjusted and closed at the end of the year,Accounts Receivable has a normal balance of $540,000 and Allowance for Doubtful Accounts has a normal balance of $25,000.What is the net realizable value of the Accounts Receivable?

• A)$540,000
• B)$565,000
• C)$515,000
• D)The amount cannot be determined from the given information.

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Definitions:

Abnormal Levels

Atypical quantities or concentrations of substances or characteristics, often indicating a health issue or anomaly.

Dopamine

A neurotransmitter involved in regulating mood, motivation, and reward.

Dissociative Fugue

A rare psychological state in which a person temporarily loses their sense of personal identity and impulsively wanders or travels away from their usual surroundings.

Dissociative Amnesia

Psychological disorder that involves disruptions of memory for personal facts or loss of conscious awareness for a period of time.