A company reports accounts receivable on the balance sheet at a net realizable value of $586,592. If their gross receivables were $612,854, then the balance in the allowance for uncollectible accounts is:
举一反三
- The category "Other Receivables" on the balance sheet includes: A: Accounts Receivable, Interest Receivable. B: Notes Receivable, Accounts Receivable, Interest Receivable. C: Interest Receivable, Dividend Receivable, Advances to employees. D: none of the above.
- Which accounts appear on which financial statement? A: Balance sheet: Receivables, land, payablesIncome statement: Revenues, supplies B: Balance sheet: Cash, revenues, landIncome statement: Expenses, payables C: Balance sheet: Cash, receivables, payables Income statement: Revenues, expenses D: Balance sheet: Expenses, payables, cash Income statement: Revenues, receivables, land
- Under the allowance method of accounting for uncollectible accounts receivable, no attempt is made to estimate the bad debt expense. ( )
- 中国大学MOOC: A company has net sales of $900,000 and average accounts receivable of $300,000. What is its accounts receivable turnover for the period?
- The ratios that can be calculated using the balance sheet are ( ). A: Accounts receivable turnover B: Total asset return C: Interest guarantee multiple D: Cash ratio