The Tanner Company Has Provided the Following Information After Year-End

question 37

Multiple Choice

The Tanner Company has provided the following information after year-end adjustments: • Allowance for doubtful accounts increased $19,000.
• Accounts receivable increased $390,000 during the year.
• Accounts written off as uncollectible totaled $20,000.
• Sales totaled $2,500,000.
• Sales discounts were $100,000.
What was the amount of Tanner's net sales?

• A)$1,990,000.
• B)$2,380,000.
• C)$2,400,000.
• D)$2,420,000.

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Definitions:

Adult Lifestyle

Pertains to the way of life or style of living that reflects the attitudes and values of adults, which may include aspects such as work, leisure, and relationships.

Dual-Income

Pertaining to a household or family where two members, typically spouses, are earning income through employment.

Parenting

The process of promoting and supporting the physical, emotional, social, financial, and intellectual development of a child from infancy to adulthood.

Emotionally Involved

The state of being deeply engaged or affected by feelings towards someone or something, often leading to emotional investment.