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(Financial Statement Presentation of Receivables) Jim Carrie Company shows a balance of $181,140 in the Accounts Receivable account on December 31, 2013. The balance consists of the following.
Instructions
Illustrate how the information above should be shown on the balance sheet of Jim Carrie Company on December 31, 2013.
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Interview Notes
Why is it important to report discontinued operations or extraordinary items separately from income from continuing operations? Does the average investor understand the difference?
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