Aspen Company Provides for Doubtful Accounts Expense at the Rate

question 24

Multiple Choice

Aspen Company provides for doubtful accounts expense at the rate of 3 percent of credit sales.The following data are available for last year: The allowance for doubtful accounts balance at December 31,after adjusting entries,should be

• A) $45,000.
• B) $99,000.
• C) $90,000.
• D) $84,000.

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Definitions:

Negative Reinforcement

A process in behavior analysis where the removal of an unpleasant stimulus strengthens a behavior, increasing the probability of its occurrence.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.

Self-efficacy

A belief in one's ability to succeed in specific situations or accomplish a task.

Effort Necessary

The amount of work or energy required to achieve a specific outcome or goal.