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Question - Gray Company had an accounts receivable balance of 50,000 on December 31, 2019, and 75,000 on December 31, 2020. The company wrote off 20,000 of accounts receivable during 2020, and collected 3,000 on an account written off in 2018. Sales for the year 2020 totaled 620,000. All sales were on account. What the amount collected from customers on accounts receivable during 2020?
company a subsequently sells 60 of the voting interest in company s for 900000. the fair value of company as retained
A list of book-tax differences
abc corporation has 1000 outstanding stock sharesshareholder e owns 100 shares with an adjusted basis of
Assume Simple Co. had credit sales of $ 250,000 and cost of goods sold of $ 150,000 for the period. Simple uses the percentage of credit sales method and estimates that 1 percent of credit sales would result in uncollectible accounts. Before the end-..
Alvarez Inc. sells three products with the following results: What is the weighted average contribution margin percentage
Applying Financial Statement Relations to Compute Dividends - What percent of its net income did Colgate-Palmolive pay out as dividends in 2015
Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number
you are the senior accountant responsible for recording accrued liabilities at the end of the companys fiscal year.
a fleet of refrigerated deliverytrucks is acquired on january 5 2008 at a cost of 830000 withan estimated useful life
On January 1st, 2017,Prepare the journal entries to record the interest payment and amortization got 2020, 2022, 2028, 2031, and 2033
A company using cost-plus pricing has an ROI of 16%, total sales of 14000 units and a desired ROI per unit of $24. What was the amount of investment
laserwords inc. is a book distributor that had been operating in its original facility since 1987. the increase in
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