On January 1, Year 1, the Accounts Receivable balance was $29,700 and the balance in the Allowance for Doubtful Accounts was $3500. On January 15, Year 1, an $1030 uncollectible account was written-off. What is the net realizable value of accounts receivable immediately after the write-off?
A. $28,670
B. $26,200
C. $27,230
D. $25,170
Answer: B
You might also like to view...
A written stop-payment order is:
A. valid for six months, and can be extended for another six months if written instructions are given by the customer. B. valid for only three months unless confirmed in writing. C. not valid for more than 48 hours. D. valid for only 14 days and cannot be extended further even if written instructions are given to the bank by the customer.
What are the four fundamental elements of the Nadler and Tushman Congruence Model?
a. Shareholders, technology, processes, and mission b. Stakeholders, customers, product/service, and financials c. Culture, people, history, and future d. Tasks, people, formal organization, informal organization
Conversion searches are performed for which of the following reasons? I. To determine the extent of embezzlement. II. To gather evidence that can be used to obtain a confession
a. I only b. II only c. Neither I nor II d. I and II
Indicate the plural form of the singular noun. copy