Accounts Receivable Has a Balance of $5,000 and the Allowance

question 102

Multiple Choice

Accounts receivable has a balance of $5,000 and the Allowance for Bad Debts has a credit balance of $440.The allowance method is used.What is the net realizable value of Accounts Receivable after a $160 account receivable is written off?

• A)$4,400
• B)$4,720
• C)$4,560
• D)$5,000

---

Definitions:

Dawes Severalty Act

A 1887 U.S. law aimed at assimilating Native Americans into American society by encouraging private property ownership and education, leading to significant loss of tribal land.

United States Indian Policy

The set of laws and guidelines developed by the U.S. government to manage relations and affairs with the Native American tribes and peoples.

Water Rights

The legal rights to use water from a river, stream, or other bodies, typically emphasizing the right of landowners to access or utilize adjoining watercourses.

Newlands Reclamation Act

A 1902 U.S. federal law that funded irrigation projects for the arid lands of 20 states in the American West.