ner secu 21. 1 point An entity reported current receivables on December 31, 2015 which consisted of the following Trade accounts receivable Allowance for uncollectible accounts Chim against shipper for goods lost in transit in November 2015 Sellmg price of unsold goods sent by the entity on consignment at 130% of Cost and not included in the ending inventory Security deposil on lease ofwarehouse used for storing inventories 930,000 20,000 30,000 260,000 300,000 What is the correct total of current net receivables on December 3I, 2015? O a. 1,500,000 O 6.1,200,000 O c 1,240,000 O d. 940,000
ner secu 21. 1 point An entity reported current receivables on December 31, 2015 which consisted of the following Trade accounts receivable Allowance for uncollectible accounts Chim against shipper for goods lost in transit in November 2015 Sellmg price of unsold goods sent by the entity on consignment at 130% of Cost and not included in the ending inventory Security deposil on lease ofwarehouse used for storing inventories 930,000 20,000 30,000 260,000 300,000 What is the correct total of current net receivables on December 3I, 2015? O a. 1,500,000 O 6.1,200,000 O c 1,240,000 O d. 940,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:ty which will be
Dange for another security
21.
1 point
An entity reported current receivables on December 31, 2015 which consisted of the following
Trade accounts receivable
Alowance for uncollectible accounts
Chim against shipper for goods lost in transit in November 2015
Sellmg price of unsold goods sent by the entity on consignment at. 130%% of
cost and not included m the ending inventory
Security deposit on lease of warehouse used for storing inventories
930,000
20,000
00000
260,000
300,000
What is the correct total of current net receivables on December 3I, 2015?
O a 1,500,000
O D1,200,000
O c. 1,240,000
O d. 940,000
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