During its first year of operations, a company has credit sales of $250,000 and cash sales of $100,000. By the end
of the year, cash collections on credit sales total $180,000, and the company estimates uncollectible accounts to
be 6% of accounts receivable. The amount to record for the year-end adjusting entry for uncollectible accounts
would be:
softwa
Answers: 3
Business, 21.06.2019 16:00, keananashville
The proliferation of bittorrent and other file sharing media have threatened the copyright system. based on an understanding of incentives and opportunity cost, how are the decisions of musicians likely impacted?
Answers: 2
Business, 22.06.2019 00:00, koolja3
Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)
Answers: 2
Business, 22.06.2019 12:20, mxrvin4977
In terms of precent, beer has more alcohol than whiskey true or false
Answers: 1
During its first year of operations, a company has credit sales of $250,000 and cash sales of $100,0...
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