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jenyasd209 [6]
3 years ago
10

After the accounts are adjusted and closed at the end of the fiscal year, accounts receivable has a balance of $340,000 and allo

wance for doubtful accounts has a balance of $51,000. what is the net realizable value of accounts receivable
Business
1 answer:
bija089 [108]3 years ago
3 0
340,000-51,000=$289,000
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If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a h
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If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday): TRUE

<h3>What are tax returns?</h3>
  • A tax return is a form or form that is filed with a tax authority and discloses income, expenses, and other relevant tax information.
  • Tax returns enable taxpayers to assess their tax liability, plan their tax payments, and receive refunds for overpayments.
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Therefore, the statement "if April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday)" is TRUE.

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Complete question:

If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday). TRUE or FALSE

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2 years ago
Although Martin is not in top management, he is charismatic and well liked by others in his organization. Other employees often
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<em>Informal leadership</em>

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7 0
3 years ago
Required information
ArbitrLikvidat [17]

Answer:

book value = $13,200 (purchase price) + $4,200 (paint) + $2,300 (accessories) = $19,700

useful life 5 years, salvage value $5,100

assuming the company uses straight line depreciation:

depreciation per year = ($19,700 - $5,100) / 5 years = $2,920 per year

the journal entries to record the purchase of the vehicle and the improvements are:

July 1, 2022, vehicle is purchased

Dr Suburban SUV 13,200

    Cr Cash 13,200

July 1, 2022, vehicle's paint and accessories

Dr Suburban SUV 6,500

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the journal entry to record depreciation expense ($2,920 x 6 months)

December 31, 2022, depreciation expense

Dr Depreciation expense 1,460

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the journal entry to record insurance expense ($2,100 x 6 months)

December 31, 2022, insurance expense

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5 0
3 years ago
A perfectly competitive firm faces a __________ demand curve. Group of answer choices upward sloping downward-sloping perfectly
qwelly [4]

A perfectly competitive firm faces a downward-sloping demand curve.

<h3>What is demand curve?</h3>

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A demand curve demonstrating how demand declines as price rises.

The price elasticity of demand is always negative for a downward-sloping demand curve since the price and quantity requested move in the opposite directions.

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5 0
2 years ago
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