This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Cost flow is in the reverse order in which costs were incurred when using a. weighted average b. ... (Read 40 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
on: Jul 5, 2018
Cost flow is in the reverse order in which costs were incurred when using
 a. weighted average
  b. last-in, first-out
  c. first-in, first-out
  d. average cost

Question 2

XYZ Company's accounting records on January 1 showed:
  Accounts receivable 50,000
  Allowance for uncollectible accounts (4,000)
 
  On January 2, XYZ wrote off an account receivable of 1,000 from Bounder, Inc As a result of this write-off,
 
  the net realizable value of XYZ's accounts receivable will ________.
  A) increase
  B) decrease
  C) remain the same
  D) The answer cannot be determined from the information given.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jomama

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

C


nelaaney

  • Member
  • Posts: 560
Reply 2 on: Jul 5, 2018
Excellent

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Respiratory Assistive Devices, Patient Using a Peak Flow Meter Respiratory Assistive Devices, Patient Using a Peak Flow Meter
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
An example of an EHR screen used to order a laboratory test. An example of an EHR screen used to order a laboratory test.
How to evaluate the third-order determinant How to evaluate the third-order determinant
Food webs show feeding relationships and energy flow Food webs show feeding relationships and energy flow
What would your average (mean) number of cells per cluster be? What would your average (mean) number of cells per cluster be?
Video: Conduction of action potentials

For a complete list of videos, visit our video library