Answer:
Net Realizablel Value of Account receivable = $142,850
Explanation:
Particulars Amount
Total Accounts Receivable $164,200
- Pre-adjusted Uncollectable Account balance $7,250
- Current Year Uncollectable Amount <u>$14,100 </u> ($235000*6%)
Net Realizable Value <u>$142,850</u>
Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?
answer:
THE SEC
Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
<h3>What does the check say?</h3>
The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
Find out more on retirement contributions at brainly.com/question/6806179.
Answer and Explanation:
The Preparation of balance sheet is shown below:-
Balance Sheet
Current liability
Long term debt of Current portion $40,100,000
Long term liability
Notes payable $31,900,000
($40,100,000 - $8,200,000)
Total liabilities $72,000,000
So, to reach the total liabilities we simply add the long term debt of current portion with notes payable.
Answer:
b. They are treated differently because the loss in value of Carol's stock is the result of a sale, while the loss in value of Dave's stock is simply a decline in value.
Explanation:
Although the stock owned by Carol and by Dave declines in value by $2,000, however Carol only has a realized and recognized loss of $2,000. The main factor in determining whether a disposition has taken place often whether an identifiable event has occurred. In the current scenario, Carol’s stock sale qualifies as a disposition and the Dave’s stock value decline does not qualify as a disposition and is simply a decline in value.
