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need help with 9&10 Buttercup Florist uses the allowance method to account for uncollectible accounts Unable in collect a 5150 account fom a customets Bumercup
need help with 9&10
Buttercup Florist uses the allowance method to account for uncollectible accounts Unable in collect a 5150 account fom a customets Bumercup determined it was uncollectible. How would the write-off of this account affect the company's total assets? Muliple Choice The net realizable value of recelvables and tolal nsses remants unchanged The net tealizable value of recelvabies and total abreb decresse: TB MC Qu. 7-77 (Algo) Benitez Company had sales of... Benitez Company had sales of $300,000 in Year 1. The company expects to incur warranty expenses amounting to 3% of sales There wert $3,900 of warranty obligations paid in cash during Year 1 Based on this information: Multiple Choice Cash would decrease ty 53900 ab o retuh of the occounting evern acsocisted with warrantes it Year 1 The warrenties paysble accourt would inctense by 55,500 in Year 1 At of thet 0 andwer ehaices are correct Step by Step Solution
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