The criteria of determining the carrying value of accounts receivables.

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Answer 1

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Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

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Current Attempt in Progress Condensed financial data of Marin Company for 2025 and 2024 are presented below. Marin Company Comparative Balance Sheet As of December 31, 2025 and 2024 2025 2024 Cash $1,830 $1,140 Receivables Inventory 1,720 1,280 1,610 1,900 Plant assets 1,870 1,690 Accumulated depreciation (1,210) (1,190) Long-term investments (held-to-maturity) 1,270 1,410 $7,090 $6,230 Accounts payable $1,230 $910 Accrued liabilities 200 250 Bonds payable 1,410 1,540 Common stock 1,880 1,710 Retained earnings 2,370 1,820 $7,090 $6,230 Marin Company Income Statement For the Year Ended December 31, 2025 Sales revenue $6,880 Cost of goods sold 4,680 Gross margin 2,200 Selling and administrative expense 930 Income from operations 1,270 Other revenues and gains Gain on sale of Investments 80 Income before tax 1,350 Income tax expense 540 Net income 810 ་ Cash dividends 260 Income retained in business $550 Additional information: During the year, $70 of common stock was issued in exchange…

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Answer 2

Question

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

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Answer 3

Question

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

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Answer 4

Question

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

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Answer 5

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

Answer 6

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

Answer 7

Chapter 9, Problem 9.11P

a.

To determine

The criteria of determining the carrying value of accounts receivables.

Answer 8

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

Answer 9

b.

To determine

Factors influencing managerial decision in estimation of amount of collectible receivables.

Answer 10

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

Answer 11

c.

To determine

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

Answer 12

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

Answer 13

d.

To determine

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

Answer 14

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

Answer 15

e.

To determine

Write-offs of accounts receivables.

Given information:

Opening balance of allowance is $6 and $8 for year 2013 and 2012 respectively.

Additions charged to expense are $2 and $1 for year 2013 and 2012 respectively.

Doubtful accounts charged to reserve are $3 and $3 for year 2013 and 2012 respectively.

Answer 16

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Answer 17

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Answer 18

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Answer 19

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The criteria of determining the carrying value of accounts receivables.

The criteria of determining the carrying value of accounts receivables.

Factors influencing managerial decision in estimation of amount of collectible receivables.

Percentage of trade receivables to total assets. Given information: Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454. Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

Percentage of the allowance for uncollectible accounts to total trade receivables. Given information: Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185. Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.

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Chapter 9 Solutions

Percentage of trade receivables to total assets.

Given information:

Trade receivables for year 2013 are $1,424 and for year 2012 are $1,454.

Total assets for year 2013 are $15,474 and for year 2012 are $15,169.

Percentage of the allowance for uncollectible accounts to total trade receivables.

Given information:

Total trade receivables for year 2013 are $1,231 and for year 2012 are $1,185.

Allowance for uncollectible accounts for year 2013 is $5 and for year 2012 is $6.