In reviewing the accounts receivable, the net cash receivable value is $16,000 before the write-off of a $1,500 account. What is the net cash receivable value after the write-off (assume Allowance for Doubtful Accounts has a balance >$1,500)?
a. $16,000
b. $1,500
c. $17,500
d. $14,500
Ans: a. $16,000
Business
You might also like to view...
A(n) ______ is used to obtain a court declaration that no legal marriage ever existed
Fill in the blanks with correct word
Business
A good example of social responsiveness is a company whose managers conduct business in an ethical way and strictly follows all local laws
Indicate whether the statement is true or false.
Business