Accounts Receivable Has a Balance of $4000,and the Allowance for Bad

question 125

Multiple Choice

Accounts Receivable has a balance of $4000,and the Allowance for Bad Debts has a credit balance of $430.The allowance method is used.What is the net realizable value of Accounts Receivable after a $170 account receivable is written off?

• A) $3400
• B) $3740
• C) $3570
• D) $4000

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Definitions:

Coping Strategy

A method or approach employed by an individual to handle stress, adversity, or problems in an effective way.

Distress

Negative stress experienced as a result of challenging situations, often leading to discomfort or emotional pain.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of mental health conditions and criteria for diagnosis.

Self-Indulgence

Engaging in one's desires and impulses excessively, often at the expense of others or one's own wellbeing.