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Could you please answer this question? I am in a hurry a little bit, so fast answer would be appreciated! Thank you! Question 18 (1
Could you please answer this question?
I am in a hurry a little bit, so fast answer would be appreciated!
Thank you!
Question 18 (1 point) The following accounts were taken from Blue Monkey Inc.'s unadjusted trial balance at December 31, 20X6: Accounts receivable $850,000 Opening allowance for doubtful accounts (AFDA) January 1, 20X6 ($11,000) Net credit sales $2,950,000 . Blue Monkey estimates that 1.5% of the gross accounts receivable will become uncollectable. At December 31, 20X6, AFDA should have a credit balance of what amount? $11,000 $44,250 $1,750 $12,750 Question 19 (1 point) Which statement is correct? Publicly accountable enterprises must follow IFRS. Private enterprises must follow IFRS. Not-for-profit organizations must follow ASPE. Private enterprises must follow ASPE
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