Business, 07.12.2019 06:31 jorozco3209
Harrison recyclers company uses the indirect method to prepare its statement of cash flows. refer to the following information for 2017:
1. retained earnings, beginning balance, $142,000
2. retained earnings, ending balance, $122.000
3. there is a net loss of $14,000 for the year.
what is the amount of dividends declared during the year?
a. $7,000
b. $6,000
c. $16,000
d. $34,000
Answers: 3
Business, 22.06.2019 06:00
Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow
Answers: 3
Business, 22.06.2019 16:10
Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?
Answers: 1
Business, 22.06.2019 22:40
Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?
Answers: 1
Harrison recyclers company uses the indirect method to prepare its statement of cash flows. refer to...
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