During 2016,a Company Makes Credit Sales of $500 000,of Which

question 40

Multiple Choice

During 2016,a company makes credit sales of $500 000,of which $375 000 is collected at year-end.It pays $200 000 in expenses and owes $25 000 for electricity used during 2016.Accrual profit is:

• A) $150 000.
• B) $175 000.
• C) $275 000.
• D) $300 000.

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Definitions:

Oxygen Deprivation

A condition resulting from an insufficient supply of oxygen to the body that can cause severe health effects.

Stroke

A medical condition where the blood supply to part of the brain is interrupted or reduced, causing brain cells to die due to lack of oxygen.

Myocardial Infarction

Heart attack.

Angina Pectoris

A condition characterized by chest pain or discomfort due to coronary heart disease, where blood flow to the heart muscle is restricted.