A Company Anticipates Selling $200,000 of Goods, of Which $15,000

question 157

Multiple Choice

A company anticipates selling $200,000 of goods, of which $15,000 will probably be uncollectible.Which of the following statements is true?

• A) $15,000 does not appear on the cash budget.
• B) $215,000 is added to the cash budget.
• C) $15,000 is subtracted from the cash budget.
• D) $185,000 appears as a disbursement on the cash budget.
• E) None of these.

---

Definitions:

Federal Register

The official daily publication for rules, proposed rules, and notices of Federal agencies and organizations, as well as executive orders and other presidential documents.

Freedom of Information Act (FOIA)

A federal law that allows for the full or partial disclosure of previously unreleased information and documents controlled by the United States government.

Rule Making Requirements

Regulations and procedures that governmental agencies need to follow to create, amend, or repeal rules and regulations.

Formal Rule Making

A regulatory process outlined by the Administrative Procedure Act where agencies create new rules with public input.