Multiple Choice
The following information is related to December 31, 2021 balances. 
During 2022, sales on account were $390,000 and collections on account were $230,000.The company wrote off $22,000 in uncollectible accounts.An analysis of outstanding receivable accounts at year-end indicated that bad debts should be estimated at $144,000.The change in the cash realizable value from the balance at 12/31/21 to 12/31/22 was
A) $136,000 increase.
B) $160,000 increase.
C) $114,000 increase.
D) $138,000 increase.
Correct Answer:
Verified
Correct Answer:
Verified
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