The Data Presented Below Are for Falconi,Inc -What Amount Will Falconi Show on Its Year-End Balance Sheet

question 12

Multiple Choice

The data presented below are for Falconi,Inc.for 2017.
$\begin{array}{lr}\text { Credit sales during the year } & \$ 2,100,000 \\\text { Accounts receivable-December } 31,2017 & 395,000 \\\text { Allowance for doubtful accounts-December } 31,2017 & 20,000 \\\text { Bad debts expense for the year } & 17,000\end{array}$

-What amount will Falconi show on its year-end balance sheet for the net realizable value of its accounts receivable?

• A)$378,000
• B)$375,000
• C)$358,000
• D)$ 20,000

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Definitions:

TC

Assuming it refers to "Therapeutic Community," a treatment approach that involves a structured, group living environment where individuals help each other work through substance abuse or behavioral issues, otherwise, NO.

Residential Types

Various categories of housing or accommodation, differing by levels of care, amenities, and services provided.

Treatment Resembles

Refers to the similarity or analogy between the process of medical or therapeutic care and another process, context, or concept.

Substance-induced Disorder

A mental disorder caused directly by the physiological effects of a substance, such as drug abuse, medication, or toxin exposure.