After the December 31,2019 Adjusting Journal Entries Have Been Posted,Sinclair

question 183

Multiple Choice

After the December 31,2019 adjusting journal entries have been posted,Sinclair Enterprises has the following account balances (all accounts have normal balances) are:

What is the net realizable value as of December 21,2019?

• A)$163,600
• B)$150,800
• C)$146,200
• D)$154,400

---

Definitions:

Hockey Skates

Specialized footwear designed for playing hockey, featuring a blade attached to the bottom for gliding on ice.

Exchange Rate

The price at which one currency can be exchanged for another, integral to global commerce and finance.

CAD

Stands for Computer-Aided Design, technology used by designers and engineers to create precision drawings or technical illustrations.

Travel Spending Money

Funds allocated for expenses related to travel, such as meals, accommodation, and transportation, aside from the initial costs of tickets and bookings.