Lebanon Ltd.prepared an aging of its accounts receivable at December 31, 2013 and determined that the net realizable value of the receivables was $290,000.Additional information for calendar 2013 follows: For the year ended December 31, 2013, Lebanon's bad debt expense should be
A)$20,000.
B)$23,000.
C)$16,000.
D)$14,000.

Question

Lebanon Ltd.prepared an aging of its accounts receivable at December 31, 2013 and determined that the net realizable value of the receivables was $290,000.Additional information for calendar 2013 follows:  For the year ended December 31, 2013, Lebanon's bad debt expense should be
A)$20,000. 
B)$23,000. 
C)$16,000. 
D)$14,000.

Quizplus · Accepted Answer

The Answer of Lebanon Ltd.prepared an aging of its accounts receivable at December 31, 2013 and determined that the net realizable value of the receivables was $290,000.Additional information for calendar 2013 follows:  For the year ended December 31, 2013, Lebanon's bad debt expense should be
A)$20,000. 
B)$23,000. 
C)$16,000. 
D)$14,000.