First, what is anti dumping? (Like anti dumping garbage? Anti dumping you girl/boyfriend?)
Second, what is your thesis?
With the above info, I can write a conclusion :)
Answer:
Date Account title and Explanation Debit Credit
31 Dec Bad Debts Expense $37,245
Allowance for doubtful debts $37,245
($31,565 + $5,680)
(To record the adjustment entry)
Answer:
Explanation:
FASB amended the rules to improve the comparability of the information about business combinations provided in financial reports. A variable interest entity is a legal business.
The Financial Accounting Standards Board issued SFAS 141(R) in 2007 December, to substitute the SFAS 141. Evaluating the comment letters, articles and industry publications, they analyzed issues that were with SFAS 141 from the perspective of professionals, users and the FASB; it was evaluated 141(R) to ascertain these weaknesses and they were corrected with solutions been profound in 141(R).
Answer:
b. $ 9,225
Explanation:
The net income needs to be computed considering the revenue and expenses items from the data provided.
Revenues
Fees earned $ 14,403
Expenses
Depreciation expenses $ 1,343
Insurance expenses $ 513
Supplies expenses <u>$ 3,322</u>
Total expenses <u>$ 5.178</u>
Net income $ 9,225
The other items in the question i.e. Accumulated depreciation, Prepaid insurance and Supplies are balance sheet items and are not considered in determining the net income
Answer:
$97,600
Explanation:
First, we need to get the value for uncollectible in accounts receivable
= 2% Multiplied by balance in accounts receivable as uncollectible
= 2% × 100,000
= $2,000
We will then subtract the balance above which is the uncollectible from the accounts receivable
= $100,000 - $2,000
= $98,000
The net realizable value would the be ;
= $98,000 - $400
= $97,600