Assuming the Accounts Receivable Balance at the End of 2017

question 34

Multiple Choice

Assuming the accounts receivable balance at the end of 2017 is $50,000,and it has increased by 10% per year since the end of 2016,the balance at the end of 2016 (rounded to the nearest whole dollar_was:

• A) $45,455
• B) $37,566
• C) $41,322
• D) $55,000

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