During 20B,its Second Year in Operation,Banner Company Delivered Goods to Customers

question 40

Multiple Choice

During 20B,its second year in operation,Banner Company delivered goods to customers for which customers paid or promised to pay $5,850,000.Assume all sales were on account and the amount of cash collected from customers was $5,960,000.The amount of trade receivables at the beginning of 20B was $1,200,000.Based on this information,what is the amount of trade receivables that Banner would report at the end of 20B?

• A)$110,000.
• B)$1,090,000.
• C)$1,310,000.
• D)$5,850,000.

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Definitions:

Migratory Restlessness

The increased activity and restlessness observed in migratory animals, especially birds, as they prepare for their long-distance flights during migration seasons.

Genetic Differences

Variations in the genes among individuals or populations, which contribute to the biodiversity and heritable traits within species.

Migratory Orientation

The innate or learned ability of animals, particularly birds, to navigate and migrate over long distances across changing environments.

DNA Methylation

A biochemical process involving the addition of a methyl group to the DNA molecule, affecting gene expression without changing the DNA sequence.