A Company Reports Net Accounts Receivable of $152,000 on Its

question 118

Multiple Choice

A company reports net accounts receivable of $152,000 on its December 31,2019 balance sheet.The Allowance for Bad Debts has a credit balance of $20,000.What is the balance of Accounts Receivable?

• A) $157,000
• B) $152,000
• C) $172,000
• D) $132,000

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Definitions:

Maternal Mortality

The death of a woman during pregnancy, childbirth, or within a specified period of postpartum, often used as a critical indicator of healthcare quality.

Unsterile Abortion

An abortion procedure carried out in conditions that lack the necessary sanitary standards, potentially leading to infection and other health risks.

Illegal Drug Use

The consumption of substances that are prohibited by law, which can lead to legal penalties, health risks, and addiction.

Tobacco

A plant whose leaves are dried and fermented before being put in tobacco products, including cigarettes, cigars, and smokeless tobacco, often containing nicotine.