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Questions -
Q1. As of December 31, 2020, Gill Co. reported accounts receivable of $228,000 and an allowance for uncollectible accounts of $8600. During 2018, accounts receivable increased by $22,500, (that change includes $7300 of bad debts that were written off). An analysis of Gill Co.'s December 31, 2021, accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. Bad debt expense for 2018 would be?
Q2. Currie Company borrowed $11,000 from Sierra Bank by issuing a 11% three-year note. Currie agreed to repay the principal and interest by making annual payments in the amount of $4,121. Based on this information, what is the amount of the interest expense associated with the second payment?
An inter vivos earned $50000 in eligible dividends. In addition, it received interest of $12000 during the current year. What is the net income for tax purpose
obtain the annual reports of five well known companies. you can vist the web site for this bookor the sec edgar
Explain the importance of reviewing for contingent liabilities and subsequent events
on january 1 2008 jose company purchased a building for 200000 and a delivery truck for 20000. the following expenders
Prepaid expenses, including a deposit made on inventory to be delivered in 18 months 250,000. What total amount of current assets should be reported
Determine the earnings per share for 2012 and 2011. Does the change in the earnings per share from 2011 to 2012 indicate a favorable or an unfavorable trend
Why does Cowan believe it is important to examine technologies in the context of technological systems? What advantage does this broader perspective give to planners? Give a specific current technological example (not it the reading) in support of..
Alpha bought the machinery a few years ago for $50,400 and has claimed $29,600 of depreciation expense. What is the amount and character of Alpha's gain
A also loans the corporation $1,000,000 at 10% per year, What are the tax implications to both A and the corporation
Make the consolidation worksheet entries to recognize the effects of the intra-entity bonds at each of the following dates. December 31, 2016
Assuming Nielsen currently serves 100 customers, with each placing an average of four orders per year, determine the minimum annual sales required to break even
After the events of September 11, we were without our securities markets for few days. Though, it was a difficult condition, the markets opened in a few days and we managed.
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