On January 1, 2013, the Accounts Receivable Balance Was $18,500

question 56

Multiple Choice

On January 1, 2013, the Accounts Receivable balance was $18,500 and the balance in the Allowance for Doubtful Accounts was $1,400. On January 15, 2013 a $400 uncollectible account was written-off. The net realizable value of accounts receivable immediately after the write-off is:

• A)$18,100.
• B)$16,700.
• C)$17,100.
• D)$17,500.

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Definitions:

Cow's Milk Allergy (CMA)

An immune system response triggered by cow's milk proteins, leading to various allergic symptoms in individuals.

Nutramigen

A hypoallergenic infant formula intended for babies with milk protein allergy or intolerance, facilitating easier digestion.

Substitute Formula

An alternative nutritional preparation given to infants when breastfeeding is not possible, designed to mimic human breast milk.

Toxic Reaction

An adverse response of the body to the presence of a toxic substance, leading to symptoms that can range from minor (such as a rash) to severe (such as organ damage or death).