A company reports net accounts receivable of $152,000 on its December 31, 2017 balance sheet. The Allowance for Bad Debts has a credit balance of $16,000. What is the balance of Accounts Receivable?

A) $157,000
B) $152,000
C) $168,000
D) $136,000

C .$152,000 + $16,000 = $168,000

Business

You might also like to view...

Cellpoint uses two-part pricing for its long-distance call charges. Because this is a service, the price is broken into a fixed fee plus a(n) ________ usage rate

A) fixed B) variable C) standard D) market E) optional

Business

Leo's Furniture in its ads tells customers that they should buy their furniture from them as the other major furniture store in town, Honest Ted's, was going bankrupt, and would not be able to provide any service or warranty coverage in the

future. Honest Ted's is furious because it is not going bankrupt. Honest Ted's could sue Leo's Furniture for A) intentional interference with economic relations B) passing off C) product defamation D) conspiracy E) slander

Business