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Trade receivables and other receivables should be reported

as separate items on the balance sheet

Bad Debt Expense is reported on the income statement as

an operating expense

he entry to recognize the bad debt expense (increase/decrease) current assets when the allowance method is used.

decreases

The interest rate for a three-month loan is normally stated as a(n) (monthly/yearly) rate.

yearly

________ risk is a threat of nonpayment from a single large customer that could adversely affect the financial health of a company

A concentration of credit

___________ is often the most critical part of managing receivables.

Determining who gets credit and who doesnot

Cash realizable value is the term for the (net/gross) amount expected to be received in cash from receivables.

Net

Return on common stockholders' equity

Net income - Preferred dividends) by average common stockholders' equity.

___________________ financing is an intentional effort by a company to structure its financing arrangements to avoid showing liabilities on its balance sheet.

Off balance sheet

what would cause an increase in both total assets and total liabilities

a capital lease

trade receivable is same as

accounts receivable

Liquidity is a ratio companies use to assess the

accounts receivable turnover

f bonds are issued at a premium, then the

carrying value of the bonds will be greater than the face value of the bonds for all periods prior to the bond maturity date.

How is the account Allowance for Doubtful Accounts classified

contra account to Accounts Receivable

What does a high accounts receivable turnover ratio indicate?

customers are making payments very quickly

Notes receivable are written promises that are considered

formal instruments of credit.

What is the retailer's involvement in the collection process when a customer pays with a national credit card?

no involvement in the collection process.

value assigned per share in the corporate charter.

par value mean


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