User Account

All Pages

What should be the net accounts receivable after write off

Assignment Help Financial Accounting
Reference no: EM132967052

Problem 1: At the end of the year 2009, Meizi Co. showed gross accounts receivable of $43,000 and allowance for doubtful accounts was $1,000. On March 5, 2010, there was a write off of $500. What should be the net accounts receivable after the write off?

A) 41500

B) 42000

C) 42500

D) 44500

Reference no: EM132967052

Questions Cloud

Translate the company bond interest expense for the year : BC Inc. has a single wholly-owned American subsidary,If bonds were outstanding throughout the year, translate the company's bond interest expense for the year?
Interpretation of quantitative distributions : Prior to beginning work on this discussion forum, read Chapters 3 and 4 of your textbook. (Sharpe, N. D., De Veaux, R. D., & Velleman, P. F. (2019). (4th ed.)
Compute the annual depreciation that would have been charged : Using the straight-line method, compute the annual depreciation that would have been charged from 1994 through 2003
Identify the impact of the personal motivations : Identify the impact of the personal motivations, attitudes and values on various workplace relationships.
What should be the net accounts receivable after write off : Meizi Co. showed gross accounts receivable, On March 5, 2010, there was a write off of $500. What should be the net accounts receivable after the write off?
Industry risk management-compliance issues analysis : (Brief analysis on the risk management and compliance issues/weaknesses/failures faced by any TWO (2) existing Malaysian listed companies in the sector where yo
Find the cost of goods sold before overallocated : Find the cost of goods sold before overallocated or underallocated manufacturing overhead adjustment during April 2021. Round to the nearest cents
What is income tax expense on company income statement : During 2010, the deferred income tax liability account increased $15,000. What is the income tax expense on the company's 2010 income statement?
Success and failure stories across the globe : The prospect of minimization of emissions in automobile, manufacturing and other industries - Success and Failure Stories across the globe

Reviews

Write a Review

Financial Accounting Questions & Answers

  Why are the generally accepted accounting principles

Why are the Generally Accepted Accounting Principles (USA) and the International Standards (Europe) so important in today's business world?

  After-tax cash inflow expected from liquidation

Expansion versus replacement cash flows Edison Systems has estimated the cash flows over the 5-year lives for two projects, A and B. After-tax cash inflow expected from liquidation. If project A were actually a replacement for project B and the $12,0..

  How much is the revaluation surplus

If GHI uses the proportional method, what is the journal entry on Jan. 1, 2023 to record the revaluation? How much is the revaluation surplus

  What is bank of america corporation percentage

What is Bank of America Corporation's percentage of the accounts receivable balance to total assets for the last two years? If the ratio percentage has changed what accounts for the change?

  Long term investments - adjusted to market and equity

long term investments - adjusted to market and equity methods.on january 1 2010 cavalier corporation purchased 8

  Solve the npv for the project

If the appropriate discount rate is 16 percent. Solve the NPV for the project. Franklin Mints is thinking of purchasing a new jellybean-making machine

  How are endowments reported by public colleges

How are endowments reported by public colleges? What revenue recognition requirements exist? Explain in detail with an suitable example.

  Investments accounted for in its financial statements

(Related to Investments) What investments does the company report in the current year, and how are these investments accounted for in its financial statements? How are the company’s investments valued? How does the company determine fair value? How d..

  What is the gain to be recorded on this transaction

A company owns a building with a net asset value of $120,000 at December 31, 2011. The building had a five-year remaining life at December 31, 2011. The company also has a revaluation surplus balance of $50,000 in OCI related to this building at Dece..

  Make an income statement taking into consideration the data

The tax rate was 35% and 38% of net income is allocated to dividends. Make an income statement taking into consideration the data presented.

  Calculate the mva for facebook

Consider the information in the table,Calculate the MVA for Facebook. 10 year treasury note = 1.96%.Market Risk Premium = 6.25%. Tax rate = 21%

  Capital budgeting-calculate the appropriate discount rate

Dylan Corporation is considering investing in a new asset. The asset would cost $24,000,000 with an 8 year useful life. It is believed the asset would have a salvage value of $0 after its useful life and Dylan plans to depreciate the asset under the ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd