The license of the business could be revoked
Answer:
$425,000
Explanation:
The computation of the net realizable value of the Accounts Receivable is shown below:
= Balance of account receivable - credit balance of Allowance for Uncollectible Accounts
= $450,000 - $25,000
= $425,000
We simply deduct the credit balance from the balance of account receivable so that the net realizable value could come
Answer:
The correct answer is the option: False.
Explanation:
To begin with, when it comes to terms of helping someone and moreover saving someone's live it is absolutely necessary to always act in order to make sure that everything that was possible to do was done, so therefore that it is understandable that in a case where a child has been poisoned with something then the person closer must know that he could induce vomiting by putting the finger into the throat, gently, so that the body will automatically try to throw up. Otherwise if the person might have not been instructed by the poison center expert and the kid is posible to pass out then the situation can get worse if the person does not do something.
Answer:
a. The property is sold on credit.
<em>The amount realized is the cash received at the date of sale and the cash that will be received in future when the credit is settled. </em>
b. A mortgage on the property is assumed by the buyer.
<em><u>The amount realized increases</u></em><em> because the seller will see their debt reduced and still receive cash from the buyer for the purchase of the property. </em>
c. A mortgage on the property is assumed by the seller.
<em><u>The amount realized decreases</u></em><em> because the realized amount will have to be net of the mortgage that the seller now has to pay. </em>
d. The buyer acquires the property subject to a mortgage of the seller.
<em><u>Amount realized increases </u></em><em>as the buyer will become the one making mortgage payments instead of the seller which effectively means that the seller gets the realized value net of debt. </em>
e. Stock that has a basis to the purchaser of $6,000 and a fair market value of $10,000 is received by the seller as part of the consideration.
<em><u>Realized value increases to $10,000</u></em><em> because that is the fair value of the stock when exchange for the property. </em>
Answer:
Cash flow generated from operating activities <em>12,010,000</em>
Explanation:
10,000.000
+1,600,000
Adjusted Net Income 11,600,000
↑AR -600,000
↓Inventory 100,000
↑AP 800,000
Change in working capial 300,000
Other adjustment 110,000
Cash flow generated from operating activities 12,010,000
