Entries by Munene david

Alpha Company has the following account balances information for fiscal

May 5, 2020 in /by

Alpha Company has the following account balances information for fiscal year 2015 & 2016 (all balances are normal): Alpha Company December 31 Accounts 2016 2015 Accounts Receivable $40,000 $32,000 Merchandise Inventory 57,000 50,000 Office Supplies 25,000 20,000 Credit Sales 950,000 740,000 Interest Income 25,000 20,000 Cost of Goods Sold 460,000 385,000 1. What is the […]

 

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Alpha Company uses aging to estimate uncollectibles.

May 5, 2020 in /by

Alpha Company uses aging to estimate uncollectibles.  At the end of the fiscal year, December 31, 2016, Accounts Receivable has a balance that consists of: Dollar Value Age of Account Estimated Collectible $115,000 < 30 days old 98% 65,000 30 to 60 days old 85% 20,000 61 to 120 days old 75% 5,000 > 120 days old […]

 

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According to AU-C 200, Overall Objectives of the Independent Auditor

May 5, 2020 in /by

According to AU-C 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards, “presumptively mandatory requirements” in the auditing standards use which word?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Part 1)Baltimore Company uses aging to estimate uncollectibles

May 5, 2020 in /by

Part 1)<br/>Baltimore Company uses aging to estimate uncollectibles.  At the end of the fiscal year, December 31, 2018, Accounts Receivable has a balance that consists of: Dollar Value Age of Account Estimated Collectible $140,000 &lt; 30 days old 99% 70,000 30 to 60 days old 93% 35,000 61 to 120 days old 70% 14,000 &gt; 120 days […]

 

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