Net realizable value (NRV) of receivables is the gross receivables minus returns & allowances and the provision of credit losses.
Option A is the correct answer.
<h3>What are receivables?</h3>
Receivables are the amount that is earned by the company from the debtors concerning the credit sales after a certain period of time.
Net receivable value (NRV) is the amount that is being realized after disposing of the asset. It is computed by deducting the provision of credit losses, that is, the bad debt charges, the return on sales, and the allowances, that is, discounts on sales from the gross amount of accounts receivables.
Therefore, the amount of sales returns, sales discounts, and provision of credit losses are get deducted from the gross receivables while computing the NRV.
Learn more about the NRV in the related link:
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Answer:
Consists of policies and procedures designed to provide reasonable assurance that the company achieve its objectives and goals.
Explanation:
Internal controls can be defined as the various rules that have been put in place by the management of an organization inorder to achieve the various goals of the organization.
Internal control also helps to ensure that the workers in the organization do not commit any manner of fraud, it prevents them from stealing from the company.
Internal control also helps to improve efficiency in the various operations of the business.
Answer:
The correct option is D, cannot be determined from information provided
Explanation:
The cash used(provided) by financing activities is the difference between the cash provided by financing activities of $84,400 and the amount of dividends paid to stockholders which is $128,500.=$44,100.
The amount calculated above is not one of the options available, hence it is very safe to say that the correct option is that cash provided(used) by financing activities cannot be determined from the information provided.
Answer: Double taxation occurs when a corporation pays the corporate tax rate on earnings or profits, then pays dividends from those profits to shareholders who are again taxed on the money at their personal rates.
Explanation:
Answer:
ms Hoa
Explanation:
Ms Hoashould be chosen because she is an agile active person who has extensive relationships with customers and because the company is looking for a person to head the customer relations department she is better candidate than mr Lam
