User Account

All Pages

What was net realizable value of accounts receivable

Assignment Help Accounting Basics
Reference no: EM132830676

Problem 1: On December 31, 2020, FunAccounting Company's Accounts Receivable balance was $10,000 and the balance in the Allowance for Doubtful Accounts was $3,000 and Bad debt expense for 2020 was 1,000. What was net realizable value of accounts receivable as of December 31, 2020

Group of answer choices

A. 7,000
B. 9,000
C. 10,000
D. 6,000

Reference no: EM132830676

Questions Cloud

Which mentioned entry had the effect on the balance sheet : Which mentioned entry had the effect on the Balance Sheet equation? The adjusted entry was done as of December 30th, 2020.
Differentiate between a merger and an acquisition : Mergers are often categorised as horizontal, vertical or conglomerate. Explain each type of mergers in detail. Differentiate between a merger and an acquisition
What are the implications of a diagnosis being eliminated : Why has there been so much controversy with regard to the new DSM-5? What are the implications of a diagnosis being eliminated?
Managing product able in the long run : Based on your answers to 1 and 2 above, how do you see yourself managing product Able in the long run?
What was net realizable value of accounts receivable : Doubtful Accounts was $3,000 and Bad debt expense for 2020 was 1,000. What was net realizable value of accounts receivable as of December 31, 2020
Discuss basic information about treatment of mental illness : The student will be able to describe aspects of courtroom demeanor, the trial process, and observations made about the U.S. judicial system.
Development on corporate strategic behavior in kenya : Using relevant examples, discuss the implications of this development on corporate strategic behavior in Kenya
Compute net cash provided by operating activity for blue co : Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).
How would you determine if laws have been broken : In this Discussion, you will consider a case of child sexual abuse. You will determine appropriate strategies to gather information, analyze the behaviors.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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