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ra1l [238]
3 years ago
7

During the year, Kiner Company made an entry to write off a $32,000 uncollectible account. Before this entry was made, the balan

ce in accounts receivable was $400,000 and the balance in the allowance account was $36,000. The net realizable value of accounts receivable after the write-off entry was _______
Business
1 answer:
azamat3 years ago
4 0

Answer:

balance in bills receivables account = $364000

Explanation:

given data

write off =  $32000

balance in accounts receivable = $400000

balance in allowance account = $36000

to find out

net realizable value of accounts receivable

solution

we first find credit balance in allowance that is

credit balance in allowance = $36000 - $32000

credit balance in allowance = $4000

and

so here balance in bills receivables account is

balance in bills receivables account =  ( $400000 - $32000 ) - ( $36000 - $32000 )

balance in bills receivables account = $368000 - $4000

balance in bills receivables account = $364000

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Answer: REIT

Explanation: A real estate investment trust, REIT, can be defined as an investment firm specialized in securities related to companies operating in real estate industries.

Such trust pool the money from investors and invest it in real estate securities. REIT gives the investors the exposure of real estate in their portfolios and invests like mutual funds.

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3 years ago
Below are various states of financial distress: 1. defaulting on a principal payment on debt 2. restructuring debt 3. liquidatin
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8 0
3 years ago
Which legal form of business ownership does the government have the most control in?
kirill115 [55]

Answer:

i am not sure for the first one, but for the second its a corporation

Explanation:

there are a lot of regulations connected with corporations and the taxation of these organizations

5 0
3 years ago
Read 2 more answers
As the head of the engineering department for her company, Jody works with her team on complex and challenging projects. The lev
vagabundo [1.1K]

Answer:

Wide

Explanation:

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The narrow span of control is one in which the manager supervises or interacts with a few team members. In other words, there is some level of hierarchy involved such that the managers direct subordinates are few and have subordinates who report to them.

To state it in another way, the wider the span of control, the fewer level of report or levels of hierarchy and the narrower the span of control, the higher the levels of hierarchy required.

In light of the explanation above, it can be deduced that Jody has a wide span of control over her team.

3 0
3 years ago
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