Allowance for doubtful accounts is considered to be a(n):

Question 23 options:

	Asset
	Liability
	Equity

The inventory of Aylmer Inc on December 31, Y8 consists of the following items:

Part No	Quantity	Cost per Unit	NRV
51	100	$ 5.00	$ 4.50
52	200	$ 6.00	$ 6.90
53	300	$ 8.00	$ 7.20

Determine the inventory as at December 31, Y8, by the lower of cost and net realizable value method, applying this method to the total of the inventory

Please enter your answer as a dollar amount. Ex: $1,000.

Aylmer Inc is working with The Bank to secure a loan. Aylmer has $700,000 of accounts receivable that they will assign or pledge as security for the loan. When the loan is received, what will be the impact to Aylmer's accounts receivable?

Question 25 options:

	Increase
	Decrease
	No impact

Aylmer Inc paid $500,000 for the net assets of Belmont Corp. The net assets of Belmont Corp had a fair value of $395,000. How much goodwill is involved with this transaction?

Please enter your response as a dollar amount. Ex: $100,000

Aylmer Inc uses the cost model to record its investment in shares. On July 1, Y3 the company purchased 1,000 shares of Belmont Inc for $3.50 per share. On March 1, Y4, the company sold all the shares for $4.20 per share. How much is the gain on the disposal of investments?

Please record your answer as a dollar amount. Ex: $1,000.

Question 27 options:

question 23 and 25 are multiple-choice questions. Please, I really need to help.