ending amount less the "Other Receivables" ending amount in
the consolidated statement is other receivables for ( ).
A: subsidiary
B: the parent company
C: Brother Company
D: A or B or C
举一反三
- A company is owed $50,000 by its customers. This includes $20,000 that is overdue past the agreed credit terms.What total amount will appear on the company's aged receivables analysis? A: $30,000 B: $20,000 C: $50,000 D: $70,000
- At 31 December 20X2 a company's receivables totalled £400,000 and an allowance for receivables of £50,000 had been brought forward from the year ended 31 December 20X1. It was decided to write off debts totalling £38,000 and to adjust the allowance for receivables to 10% of the receivables.What charge for receivables expense should appear in the company's statement of profit or loss for the year ended 31 December 20X2? A: £74,200 B: £51,800 C: £28,000 D: £24,200
- At 30 June 20X5 a company’s allowance for receivables was $39,000. At 30 June 20X6 trade receivables totalled$517,000. It was decided to write off debts totalling $37,000 and to adjust the allowance for receivables to theequivalent of 5% of the trade receivables based on past events.What figure should appear in the income statement for the year ended 30 June 20X6 for receivables expense? A: $61,000 B: $52,000 C: $22,000 D: $37,000
- At 30 September 20X2 a company's allowance for receivables amounted to $38,000, which was five per cent of the receivables at that date.At 30 September 20X3 receivables totalled $868,500. It was decided to write off $28,500 of debts as irrecoverable and to keep the allowance for receivables at five per cent of receivables.What should be the charge in the statement of profit or loss for the year ended 30 September 20X3 for receivables expense? A: $42,000 B: $33,925 C: $70,500 D: $32,500
- Subsidiary refers to a company that is owned or controlled by another larger company, i.e. parent company.( )
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A company has opening receivables at the start of March of $356,789. 5% of receivables will be written off as irrecoverable debts. Budgeted sales in the month are $875,234 and closing receivables are expected to be $379,365. How much cash is expected to be received from receivables? A: $852,658 B: $834,819 C: $897,810 D: $915,649
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22.Receivables doesn’t include( ). A: accounts receivable B: notes receivable C: cash on hand D: other receivables
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When an existing company establishes a new company or firm and keeps majority shares with itself, it is called a parent company. This new company or firm is called a ___________. A: holding company B: subsidiary C: joint venture D: Sole proprietorship
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Liquid assets are deducted _____ from current assets(<br/>). A: Other receivables B: Accounts receivable C: Inventory D: Financial assets whose changes are measured at fair value and booked<br/>into current profits and losses.<br/>The
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______ ： a company which is owned by the same parent company as another company ______