SDB Reported Sales of $300,000, Write-Offs of Uncollectible Accounts of $10,000

question 28

Multiple Choice

SDB reported sales of $300,000, write-offs of uncollectible accounts of $10,000 against the allowance, and a decrease in net accounts receivable of $40,000 during 2013. What would be SDB's cash collected from customers during 2013?

• A) $300,000
• B) $330,000
• C) $340,000
• D) $350,000

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Definitions:

UV Light

Ultraviolet light, a form of electromagnetic radiation with a wavelength shorter than that of visible light but longer than X-rays.

Ethane

A hydrocarbon with the formula C2H6, consisting of two carbon atoms single-bonded together, with three hydrogen atoms bonded to each carbon.

Chain Termination

A process in polymerization or DNA synthesis where growth of the polymer chain is stopped by a terminating molecule.

Ethane

A simple aliphatic hydrocarbon with the formula C2H6, consisting of two carbon atoms single-bonded together and six hydrogen atoms.