Answer:
The correct option is (a)
Explanation:
Property dividend is distributing assets as dividends to its stockholders. This distribution is not in the form of cash. It could be any asset including any stock that the organization holds with some other company.
In this case, Houser corporation distributes shares of Baha corporation to its shareholders as dividends. This is an example of property dividend.
Slow down and adjust your tempo to that of your prospect's. Simplify all the details. This approach is often referred as "Mirroring", which can lead to a sales prospect's positive result comfortably.
Answer:
Net Accounts Receivable will be understated.
Explanation:
Any uncollectible accounts receivable are unpaid debt by customers and constitute a bad debt expense for the company. As a result of not taking into account uncollectible customer accounts, overstating accounts receivable understates a company's bad debt expense.
Answer:
Dr cash $12,180
Cr notes receivable $12,000
cr interest revenue $180
Explanation:
The cash receipt implies that the company cash has improved by $12,180 which means that a debit of $12,180 would be recorded in the cash account,since an increase in asset is a debit to the specific asset account.
On the other hand,notes receivable account that was previously debited when the transaction was consummated will now be credited with $12,000 with $180 credited to interest revenue account.
The rationale for credit entry in interest revenue is that an increase in income is naturally a credit entry in the books of accounts.
