FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

*Exercise 9-16 Pina Corp. had the following balances in receivable accounts at October 31, 2020 (in thousands): Allowance for Doubtful Accounts $56, Accounts Receivable $2,800,

image text in transcribed

*Exercise 9-16 Pina Corp. had the following balances in receivable accounts at October 31, 2020 (in thousands): Allowance for Doubtful Accounts $56, Accounts Receivable $2,800, Other Receivables $184, and Notes Receivable $1,362. Prepare the balance sheet presentation of Pina Corp.'s receivables in good form. PINA CORP. Balance Sheet (Partial) (in thousands)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Online For Accounting

Using QuickBooks Online For Accounting

Authors: Glenn Owen

3rd Edition

0357391691, 9780357391693

More Books

Students also viewed these Accounting questions

Question

★★★★★
1. Do you think ethics instruction, religious commitment, or higher natural intelligence would reduce academic cheating? Explain. 2. Professor Robert A. Prentice argues: Those who choose to attend...

Answered: 1 week ago

Question

★★★★★
The federal Age Discrimination in Employment Act (ADEA) makes it unlawful for employers "to fail or refuse to hire or to discharge any individual or otherwise discriminate against any individual with...

Answered: 1 week ago

Question

★★★★★
=+d) As you can see from the scatterplot, theres another cereal with high potassium. Not too surprisingly, it is 100% Bran. But it does not have leverage as high as the other two bran cereals. Do you...

Answered: 1 week ago

Question

★★★★★
The museum currently has a $30 million endowment, but it also has substantial operating costs and continues to add to its eclectic collection that encompasses paintings, photographs, drawings, and...

Answered: 1 week ago

Question

★★★★★
Hastings Corporation is interested in acquiring Vandell Corporation. Vandell currently has a cost of equity of 10%; 25% of its financing is in the form of 6% debt, and the rest is in common equity....

Answered: 1 week ago

Question

★★★★★
A) With reference to two different determinants of demand , explain why the demand for Levis jeans might decrease (shift inwards, i.e. to the left). B) With reference to the determinants of supply ,...

Answered: 1 week ago

Question

★★★★★
Below are summary cash flow statements for three roughly equal-sized companies. ($ millions) A B C Net cash flows from operating activities (312 ) (312 ) 324 Net cash used in investing activities...

Answered: 1 week ago

Question

★★★★★
You are a Chartered Certified Accountant and the newly appointed Internal Auditor of a company that is experiencing financial difficulties. As a condition for obtaining bank loans, the company has...

Answered: 1 week ago

Question

★★★★★
The balance in the prepaid rent account before adjustment at the end of the year is $15,000, which represents five months' rent paid on December 1. The adjusting entry required on December 31 is...

Answered: 1 week ago

Question

★★★★★
What are some benefits of social networking? Select all that apply. Responses can introduce you to potential romantic partners can introduce you to potential romantic partners a boss may hear about...

Answered: 1 week ago

Question

★★★★★
Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours....

Answered: 1 week ago

Question

★★★★★
1. Danny Meyer believes that his philosophy of customer service is applicable to any business or organization. Do you agree? Explain.

Answered: 1 week ago

Question

★★★★★
2. Should organizations establish policies that prevent dating a coworker? A supervisor? Explain your answer.

Answered: 1 week ago

Question

★★★★★
Describe how positive energy contributes to improved interpersonal relationships.

Answered: 1 week ago

Previous Question Next Question