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Andru [333]
3 years ago
5

In 2010, Roso Carlson Company had net credit sales of $750,000. On January 1, 2010, Allowance for Doubtful Accounts had a credit

balance of $18,000. During 2010, $30,000 of uncollectible accounts receivable were written off. Past experience indicates that 3% of net credit sales become uncollectible. What should be the adjusted balance of Allowance for Doubtful Accounts at December 31, 2010? a. $10,050. b. $10,500. c. $22,500. d. $40,500.
Business
1 answer:
kati45 [8]3 years ago
3 0

Answer:

0987654 im

Explanation:

just doing this for points

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Explain why a $ 50,000 increase in inventory during the year must be included in developing cash flows from operating activities
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Explain why a $50,000 increase in inventory during the year must be included in computing cash flows from operating activities under both the direct and indirect methods. The $50,000 increase in inventory must be used in the statement of cash flow calculations because it increases the outflow of cash (all else equal).

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5 0
2 years ago
Hadley Corporation issued 200,000 shares of $5 par value common stock for $25 per share. During that year, the corporation susta
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D : common stock of $1,000,000

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