Oceanside Company Uses the Balance Sheet Approach in Estimating Uncollectible

question 187

Multiple Choice

Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense. It has just completed an aging analysis of accounts receivable at December 31, 2009. This analysis disclosed the following information? What is the appropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31, 2009

• A) $95,000.
• B) 2% of credit sales in 2009.
• C) $1,560.
• D) $2,160.

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Definitions:

REM

Rapid Eye Movement, a sleep phase characterized by eye movement, increased brain activity, and vivid dreaming.

N3

N3, or Stage 3 NREM sleep, is the deepest stage of non-rapid eye movement sleep, characterized by delta waves and significant physiological changes in the body.

Sleep Spindles

Sudden bursts of oscillatory brain activity observed during stage 2 of sleep, believed to play a role in memory consolidation and learning.

REM

Rapid Eye Movement, a phase of sleep characterized by quick movements of the eyes, increased respiration rate, and vivid dreams.