Using the accounts receivable aging method, estimated uncollectible accounts are $40,000. If the balance of the Allowance for Uncollectible Accounts is an $8,000 debit before adjustment, what is the balance after adjustment?
A) $8,000
B) $32,000
C) $40,000
D) $48,000
C
You might also like to view...
Which of the following is true regarding the passing of community property upon the death of one of the owners?
a. The community-property interest of a spouse may be separately willed upon death; and in the absence of a will, community property passes to the other spouse. b. The community-property interest of a spouse may be separately willed upon death; and in the absence of a will, passes to the surviving spouse and any surviving children in equal shares upon the death of one of the spouses. c. The community-property interest of a spouse may not be separately willed upon death and passes to the other spouse automatically upon the death of one of the spouses. d. The community-property interest of a spouse may not be separately willed upon death and passes to the surviving spouse and any surviving children in equal shares automatically upon the death of one of the spouses.
Punitive damages are seldom awarded in lawsuits for breach of contract
Indicate whether the statement is true or false
A? culture's sense of what is beautiful and what is not beautiful is a consideration of? ________.
A) religion B) attitude C) aesthetics D) beliefs E) dietary preferences
Which of the following is NOT a generally accepted method of assessing the credit worthiness of a country?
A. quantitative approach B. survey approach C. qualitative approach D. checklist approach