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denis-greek [22]
3 years ago
7

As of june 30, 2019, great adventures finishes its first 12 months of operations. if suzie wants to prepare financial statements

, part of the process would involve allowing for uncollectible accounts receivable.
a. suppose suzie estimates uncollectible accounts to be 5% of accounts receivable (which does not include the $5,600 note receivable from myers manufacturing). record the adjustment for uncollectible accounts on june 30, 2019. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Business
1 answer:
wariber [46]3 years ago
5 0
<span>As of June 30, 2013, Great Adventures finishes its first 12 months of operations. If Suzie wants to prepare financial statements, part of the process would involve allowing for uncollectible accounts receivable</span>
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Answer:

d.accounting records continuously disclose the amount of inventory

Explanation:

Under the perpetual inventory system, an entity continually updates its inventory records to account for additions to and subtractions from inventory for such activities as:

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If there is an increase in market demand in a perfectly competitive market, then in the short run
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Answer:

The correct answer is option d.

Explanation:

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3 years ago
Although the overall divorce rate has declined in the past two decades, divorce among _________ couples is rising. elderly middl
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Intangible Assets and Goodwill: Amortization and Impairment In early 2011, Bowen Company acquired a new business unit in a merge
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3 years ago
On January 1, 2020, Hage Corporation granted incentive stock options to purchase 26,000 of its common shares at $7 each. The opt
malfutka [58]

Answer:

223,250 shares

Explanation:

proceeds from the exercise of options

= 26000 × 7 =                                                                                 182,000

used to repurchase common stock at market price

182,000 ÷ 8 =                                                                                   22,750

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shares to be used in cal diluted EPS;

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No. of Shares for computing Diluted Earning per share = 223,250 shares

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