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question 40

Multiple Choice

[The following information applies to the questions displayed below.]
At the end of January,the unadjusted trial balance of Windsor,Inc.included the following accounts:

-Windsor uses the income statement approach in estimating uncollectible accounts expense,and uncollectible accounts expense is estimated to be 2% of credit sales.The net realizable value of Windsor's accounts receivable in the January 31 balance sheet is:

• A)$332,800.
• B)$332,000.
• C)$331,200.
• D)$340,000.

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Discriminate between spin-off firms and original firms.

Identify examples of technological breakthroughs from government or university labs.

Understand funding sources for R&D in corporations.