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

question 91

Multiple Choice

A company reports net accounts receivable of $152,000 on its 31 December 2016 balance sheet.The Allowance for doubtful debts has a credit balance of $20,000.What is the balance in Accounts receivable?

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

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Definitions:

Polar Habitat

A cold environment located at the north or south poles of the Earth, characterized by ice, snow, and extreme temperatures.

Agricultural Habitat

An environment modified by humans for the purpose of farming and raising livestock.

Island

A landmass smaller than a continent and entirely surrounded by water.

Succession

The process by which the structure of a biological community evolves over time, involving species replacements and shifts in ecosystem composition.