After the Accounts Are Adjusted and Closed at the End

question 143

Multiple Choice

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $460,000 and Allowance for Doubtful Accounts has a balance of $30,000. What is the net realizable value of the accounts receivable?

• A) $30,000
• B) $430,000
• C) $460,000
• D) $490,000

---

Definitions:

Capacity Analysis

Estimating the necessary production capacity for an organization to cater to the ever-changing demands of its products.

Customer Support Department

A division within a company dedicated to assisting customers with their inquiries, issues, or complaints.

Time-Driven Activity-Based Costing

A costing method that assigns costs based on the actual time resources are utilized for activities, improving accuracy by considering variable resource demands.

Customer Cost Analysis

The process of analyzing the costs related to acquiring and serving customers to determine their profitability.