Business, 27.11.2019 21:31, toxsicity

Oriole company shows a balance of $208,450 in the accounts receivable account on december 31, 2017. the balance consists of the following.

installment accounts due in 2018 $29,500
installment accounts due after 2018 42,200
overpayments to vendors 3,530
due from regular customers, of which $40,980 represents accounts pledged as security for a bank loan 87,900
advances to employees 2,500
advance to subsidiary company (due in 2018) 83,800

illustrate how the information above should be shown on the balance sheet of oriole company on december 31, 2017. assume that installment accounts collectible due after december 31, 2017 (customers) are collectible within the operating cycle of the business.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:30, meababy2009ow9ewa

1. gar principles or "the principles"are intended to do what? a. foster an awareness of the hierarchical structure of the organization b. explain the best method of implementing biometric security techniques c. foster an awareness of the importance of good employee training d. foster an awareness of getting upper level management on board in understanding the need to implement an ig program e. foster an awareness of good record keeping principles

Answers: 1

continue

Business, 22.06.2019 06:50, jungcoochie101

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500

Answers: 3

continue

Business, 22.06.2019 19:40, raewalker23p4ibhy

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.

Answers: 3

continue

Business, 22.06.2019 20:10, janayflowers042

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken

Answers: 2

continue

Do you know the correct answer?

Oriole company shows a balance of $208,450 in the accounts receivable account on december 31, 2017....