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Author Question: Yellow Co makes a sale to a customer in January but does not receive payment until March. Yellow Co ... (Read 159 times)

Melani1276

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on: Jul 6, 2018
Yellow Co makes a sale to a customer in January but does not receive payment until March. Yellow Co records the sale in January. Which method of accounting is Yellow Co using?
 a. accrual basis of accounting
   b. cash basis of accounting
   c. hybrid basis of accounting
   d. consolidated basis of accounting

Question 2

The net realizable value of accounts receivable is the actual amount of the account less an .
 
  What will be an ideal response?


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nmyers

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Reply #1 on: Jul 6, 2018
Answer to Question 1

a

Answer to Question 2

allowance for doubtful accounts


Melani1276

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Reply 2 on: Jul 6, 2018
Excellent

chereeb

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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