Taylor,Inc

question 148

Multiple Choice

Taylor,Inc.had accounts receivable of $310,000 and an allowance for doubtful accounts of $19,500 just before writing off as worthless an account receivable from Burton Company of $1,300.The net realizable value of the accounts receivable before and after the write-off were:

• A)$290,500 before and $289,200 after.
• B)$290,500 before and $290,500 after.
• C)$310,000 before and $308,700 after.
• D)$329,500 before and $328,200 after.

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Definitions:

Legitimacy

The general belief that a rule, institution, or leader has the right to govern or dictate.

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The power or right to give orders, make decisions, and enforce obedience.

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A civilization belonging to a period of Greek history that lasted from the Dark Ages (about 1200 BCE) to the end of antiquity (circa 600 AD) and contributed significantly to language, politics, educational systems, philosophy, science, and the arts.

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