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A . Increase assets by $ 3 7 5 , 0 0 0 increase, equity by $ 3 7 5 , 0 0 0 .
A Increase assets by $ increase, equity by $ B Increase assets by $ increase net income by $ C Increase assets by $ increase equity by $ D Both and Flint Company issued shares of $ par value common stock at a market price of $ As a result of this accounting event, the amount of stockholders' equity would A increase by $ B be unaffected. C increase by $ D increase by $ Madison Co paid dividends of $;$; and $ during and respectively. The company had shares of preferred stock outstanding that paid a $ per share cumulative dividend. The amount of dividends received by the common shareholders during would be: A $ B $ C $ D $ On January the Accounts Receivable balance was $ and the balance in the Allowance for Doubfful Accounts was $ On January a $ uncollectible account was writtenoff. The net realizable value of accounts receivable immediately after the writeoff is: A $ B $ C $ D $ On January Grant Company had a $ balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Grant provided $ of service on account. The company collected $ cash from account receivable. Bad debts are estimated to be of sales on account. Based on this information, the amount of cash flow from operating activities that would appear on the statement of cash flows is: A $ B $ C $ D $ The amount of bad debts expense to recognize on the income statement is: A $ B $
A Increase assets by $ increase, equity by $
B Increase assets by $ increase net income by $
C Increase assets by $ increase equity by $
D Both and
Flint Company issued shares of $ par value common stock at a market price of $ As a result of this accounting event, the amount of stockholders' equity would
A increase by $
B be unaffected.
C increase by $
D increase by $
Madison Co paid dividends of $;$; and $ during and respectively. The company had shares of preferred stock outstanding that paid a $ per share cumulative dividend. The amount of dividends received by the common shareholders during would be:
A $
B $
C $
D $
On January the Accounts Receivable balance was $ and the balance in the Allowance for Doubfful Accounts was $ On January a $ uncollectible account was writtenoff. The net realizable value of accounts receivable immediately after the writeoff is:
A $
B $
C $
D $
On January Grant Company had a $ balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Grant provided $ of service on account. The company collected $ cash from account receivable. Bad debts are estimated to be of sales on account.
Based on this information, the amount of cash flow from operating activities that would appear on the statement of cash flows is:
A $
B $
C $
D $
The amount of bad debts expense to recognize on the income statement is:
A $
B $
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