Accounts Receivable Has a Balance of $6,000,and the Allowance for Bad

question 136

Multiple Choice

Accounts Receivable has a balance of $6,000,and the Allowance for Bad Debts has a credit balance of $400.The allowance method is used.What is the net realizable value of Accounts Receivable after a $150 account receivable is written off?

• A)$5,450
• B)$5,750
• C)$5,600
• D)$6,000

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Definitions:

Positivism

A philosophical approach that emphasizes the observational and empirical evidence as the foundation for knowledge and understanding.

Biological Determinism

The idea that biological factors such as genetic makeup determine human behavior and societal roles.

Hard Deviance

Activities or behaviors that strongly deviate from societal norms and are often perceived as being harmful or criminal by the general public.

Social Norms

Shared rules or guidelines that prescribe appropriate behavior in social situations and contexts.