a. Coporation had a debit balance in the allowance for doubtful accounts of $8,000 as of 12/18/2020. Between 12/18/2020 and 12/31/2020 it wrote off $10,800 of accounts receivable and collected $3,150 on accounts previously written off The balance in accounts Receivable was $380,000 at 12/31/2020. Van Dijk estimates 3 percent of accounts receivable will become uncollectible. How much bad debt expense will Van Dijik report in 2020?

a. 27,050

b. 10,550

c. 7,400

d. 4,250

b. What will be the net realizable value (NRV) of accounts receivable on 12/31/2020?

a. 352,950

b. 368,600

c. 369,450

d. 375,750

c. Which inventory costing method closely approximates current cost for each of the following:

Ending inventory Cost of goods sold

i)FIFO LIFO

ii)FIFO FIFO

iii)LIFO LIFO

iv)LIFO FIFO

a. i

b. ii

c. iii

d. iv

please show all work