Sylvia's,Inc

question 93

Multiple Choice

Sylvia's,Inc.,decreases Allowance for Doubtful Accounts $700 at year-end.As a result:

• A)net assets decrease.
• B)net income is unchanged.
• C)net assets increase.
• D)net realizable value assets decreases.

---

Definitions:

NAFTA

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico that established a trilateral trade bloc in North America.

Foreign Policy Tools

Various means a country uses to achieve its foreign policy objectives, including diplomacy, economic aid, military intervention, and international treaties.

International Monetary Structure

The system of exchange rates and international payments that enables countries to transact with each other.

Diplomacy

The practice of managing international relations by negotiating, typically by a country's representatives abroad.