Cumberland, inc. has applied to its bank for a loan. the bank asks cumberland's controller about the total amount of the company's accounts receivable. assuming that all accounting records are up-to-date, the controller can best answer this question by referring to:
a. the income statement.
b. the accounts receivable controlling account.
c. the accounts receivable subsidiary ledger.
d. last year's balance sheet.

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)