Question
Assume Sun Industries has a balance of Accounts Receivable, Net equaling $400,000 on its Balance sheet. If Sun writes off a specific account of $5,000,
Assume Sun Industries has a balance of Accounts Receivable, Net equaling $400,000 on its Balance sheet. If Sun writes off a specific account of $5,000, what will be the net A/R balance immediately after the write-off?
A. $405,000
B. $400,000
C. Unable to determine
D.$395,000
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Accounting Fraud, Maneuvering And Manipulation, Past And Present
Authors: Gary Giroux
2nd Edition
1947098748, 9781947098749
