Gross Accounts Receivable Is $10,000

question 120

Multiple Choice

Gross Accounts Receivable is $10,000.Allowance for Doubtful Accounts has a credit balance of $200.Net sales for the year are $150,000.In the past,2% of sales had proved uncollectible.What would be the adjusted balance of the Allowance account under the income statement approach?

• A)$3,200
• B)$2,800
• C)$1,400
• D)$3,000

---

Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, encouraging the repetition of desired behaviors and discouraging undesired ones.

Unconditional Positive Regard

A therapeutic concept within the client-centered therapy approach proposed by Carl Rogers, emphasizing an unjudgmental, supportive attitude towards clients.

Systematic Desensitization

A therapeutic technique used to help effectively overcome phobias and anxieties by gradually exposing the patient to the fear in a controlled setting.

Fixation

An obsessive focus or attachment to a person, object, or idea, which can interfere with normal psychological development or functioning.