The Following Data Concern Wang Corporation for 2017: What Amount Will Wang Show on Its Year-End Balance Sheet

question 102

Multiple Choice

The following data concern Wang Corporation for 2017: ?
$$\begin{array} { l r } \text { Credit sales during the year } & \$ 1,600,000 \\\text { Accounts receivable-December } 31,2017 & 235,000 \\\text { Allowance for doubtful accounts-December 31,2017 } & 18,000 \\\text { Bad debts expense for the year } & 11,000\end{array}$$ What amount will Wang show on its year-end balance sheet for the net realizable value of its accounts receivable?

• A)$253,000
• B)$235,000
• C)$224,000
• D)$217,000

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Definitions:

Executive Compensation

The financial and non-financial rewards given to senior management and executives of a company, which may include salary, bonuses, stock options, and other benefits.

Company's Performance

The overall effectiveness and success of a company in achieving its objectives, often measured through financial, operational, and customer satisfaction metrics.

Organizational Performance

Refers to how well an organization is doing in terms of reaching its objectives, which can include financial results, customer satisfaction, and operational efficiency.

Pay Design

The strategic approach to structuring and implementing compensation formats and levels within an organization to align with business goals and employee needs.