19. soru (5.00 puan) A company calculates allowance as 5% of the receivables balance using the percentage-of-receivables basis for future's default receivables If the accounts receivable balance is $160,000, what is the amount for adjustment? OA) $31,000 B) $5,000 C) $8,000 D) $7,000 E) $17.000 181 IAU puan) Accounts receivables and most of notes receivables are reported at the balance sheet in the section of A) long-lived assets. B) equity C) current assets. D) long-term liabilities, E) short-term liabilities 194 @ IAU Which of these statements about promissory notes is incorrect? OA) The party to whom payment is to be made is called the payee. B) The party making the promise to pay is called the maker. C) A promissory note is not a negotiable instrument. D) A promissory note is prepared addition to invoice. A promissory note is stronger than an account receivable. Which one of the following is an inventory flow method? A) Deferral B) LIFO C) Straight-Line D) Discount E) Accrual is a basis whereby inventory is stated at the lower of either its cost or market value as determined by A) Lower-of-Cost-or-Market B) Average cost C) First-in-first-out (FIFO) D) Last-in-first-out (LIFO) Cost of goods sold (COGS) Cevabimi