HOW MUCH SHOULD BE PRESENTED AS " TRADE AND OTHER RECEIVABLES" UNDER CURRENT ASSETS? This will be the choices: a. 1,125,000b. 1,290,000c. 1,600,000d. 775,000 On December 31, 20X8, the "Receivables" account of Apple Companyshows an amortized cost of P1,950,000. Subsidiary details show thefollowing: Trade accounts receivable, P725,000; Trade notes receivable,P100,000; installments receivable, normally due one (1) year to two (2)years, P300,000; Customers' accounts reporting credit balances arisingfrom sales returns, (P30,000); Advance payments for purchase ofmerchandise, P150,000; Customers' accounts reporting credit balancesarising from advance payments, (P20,000); Cash advances to subsidiary,P400,000, Claims from insurance company, P15,000; Subscriptionreceivable due in 180 days, P300,000; Accrued rent receivable, P10,000.How much should be presented as "trade and other receivables" undercurrent assets? *

Particulars Amount Trade Receivables 725000 Trade Note Receivables 100000 Less: Sales Returns…

Answered: HOW MUCH SHOULD BE PRESENTED AS " TRADE…

HOW MUCH SHOULD BE PRESENTED AS " TRADE AND OTHER RECEIVABLES" UNDER CURRENT ASSETS? This will be the choices: a. 1,125,000 b. 1,290,000 c. 1,600,000 d. 775,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

55
Noah and Olivia Anderson are a married couple in their early 20s living in Dallas. Noah Anderson earned $73,000 in 2018 from his job as a sales assistant. During the year, his employer withheld $4,975 for income tax purposes. In addition, the Andersons received interest of $350 on a joint savings account, $750 interest on tax-exempt municipal bonds, and dividends of $400 on common stocks. At the end of 2018, the Andersons sold two stocks, A and B. Stock A was sold for $700 and had been purchased four months earlier for $800. Stock B was sold for $1,500 and had been purchased three years earlier for $1,100. Their only child, Logan, age 2, received (as his sole source of income) dividends of $200 from Hershey stock. Although Noah is covered by his company’s pension plan, he plans to contribute $5,000 to a traditional deductible IRA for 2018. Here are the amounts of money paid out during the year by the Andersons: Medical and dental expenses (unreimbursed) $ 200State and local property…
ements What is the total Wealth Accumulation of the following investment assuming the available after tax reinvestment rate is 5%? IRR 10.70% O $4,690,000 O $4,821,078 O $4,848,844 $4,905.989 n 0 $ 1 S 2 $ 3 $ AS 5 $ Investment $ (3,000,000) 240,000 250,000 260,000 266,000 3,674,000
Consider the following timeline detailing a stream of cash flows: Date 0 2 3 5 $100 $200 $300 $400 $500 ? Cash flow If the current market rate of interest is 10%, then the future value (FV) of this stream of cash flows is closest to: OA. $1500 OB. $1,887 OC. $3,019 OD. $2,264 D
What's the forecasted capital expenditure based on the information below? -Net PP&E beginning of period = 4200-Net PP&E end of period = 6800-Depreciation expenses = 900 a. 5900b. 1700c. 3500d. 2600
What is the $/€ spread of 1.33 35/ 45 worth on €5 million? A. €5000 B.$5000 C. €50,000 D. $50,000 Please show Mathematical calculations and currency symbol calculations to get the answer of $5000
Q. 42. Calculate Proprietary ratio from the following : 12,80,000 7,20,000 5,60,000 3,30,000 2,20,000 1,90,000 Fixed Assets Current Assets 8% Debentures 10% Mortgage Loan Bank Overdraft Trade Payables
4. **In which section of the balance sheet would you find "goodwill"?** A) Current Assets B) Non-current Assets C) Current Liabilities D) Long-term Liabilities
Q6.1
You have established your performance materiality for accounts payable and revenue; now you must determine the posting materiality for individual items. The materiality judgement is at 4%. What is the posting materiality? Show your work. Your work should look like: APPROPRIATE AMOUNT x MATERIALITY JUDGEMENT = POSTING MATERIALITY
Subject: acounting
How to calculate out the answer to $1,011,982?