[The Following Information Applies to the Questions Displayed Below

question 182

Multiple Choice

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

-Tutor uses the balance sheet approach in estimating uncollectible accounts expense,and aging the accounts receivable indicates the estimated uncollectible portion to be $7,400.The net realizable value of Tutor's accounts receivable in the March 31 balance sheet is:

• A)$247,400.
• B)$240,000.
• C)$232,600.
• D)$352,600.

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Definitions:

Central Nervous System

The brain and spinal cord.

Nerve Fibers

Long extensions of neurons that transmit electrical signals between the brain and other parts of the body.

Ganglion

A structure containing a number of nerve cell bodies, typically linked by synapses, and often forming a swelling on a nerve fibre.

Adrenal Gland

Small glands located on top of each kidney that produce hormones such as adrenaline and cortisol, which are essential for stress response and metabolism.