Using the Percentage of Net Sales Method,uncollectible Accounts Expense for the Year

question 103

Multiple Choice

Using the percentage of net sales method,uncollectible accounts expense for the year is estimated to be $44,000.If the balance of the Allowance for Uncollectible Accounts is a $9,000 credit before adjustment,what is the balance after adjustment?

• A)$9,000
• B)$35,000
• C)$44,000
• D)$53,000

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Definitions:

Flood Plains

Flat areas next to rivers and streams that are prone to flooding, naturally fertile due to the deposition of river sediments.

Urban Sprawl

The spread of city buildings and houses into areas that were previously countryside, known for causing environmental and social issues.

Expansion Room

Space specifically designed or allocated to allow for growth or increase in capacity.

Vegetation

Vegetation encompasses the plant life present in a particular region or ecosystem, playing crucial roles in the ecological balance and providing habitats for animals.