As Part of the Initial Investment, Jackson Contributes Accounts Receivable

question 178

Multiple Choice

As part of the initial investment, Jackson contributes accounts receivable that had a balance of $22,500 in the accounts of a sole proprietorship. Of this amount, $3,000 is deemed completely worthless. For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $1,500. The amount debited to Accounts Receivable for the new partnership is

• A) $18,000
• B) $22,500
• C) $21,000
• D) $19,500

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Organizations that focus on innovation, seeking new opportunities, and exploring uncharted markets as part of their strategic orientation.

Strategists

Individuals responsible for developing and implementing strategies to achieve organizational goals.

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The degree to which individuals or cultures are uncomfortable with uncertainty and ambiguity, seeking stability and clarity.

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