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

---

Definitions:

Rationalization

The process of finding logical explanations for behaviors, decisions, or feelings that may otherwise appear irrational.

Superordinate Goal

An organizational goal that is more important to both parties in a conflict than their individual or group goals.

Organizational Goal

A long-term aim that an organization seeks to achieve.

Individual Goals

Personal objectives or targets that an individual aims to achieve, which can motivate their actions and efforts.