Nu Company reported the following pretax data for its first year of operations. What is Nu's not income if it elects FIFO? A $480. B. $288 C. $1.360. D. $144. Alison's dress shop buys dresses from McGuire Manufacturtng. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6.000 and payment terms of 2/10, n/30. Alison uses the net melhod to record purchases. Alison should record the purchase at: A. $5.940. B $5.880. C. $6.000. D. $6.120. Jung Inc. owns a patent for which it paid $66 million At the end of 2016. it had accumulated amortization on the patent of $16 million. Due to adverse economic conditions. Jung's management determined that it should assess whether an impairment loss should be recognized for the patent. The estimated undiscounted future cash flows to be provided by the patent total $43 million, and the patent's fair value at that point is $35 million. Under these circumstances. Lester: A. Would record no impairment loss on the patent. B Would record a $7 million impairment loss on the patent C. Would record a $15 million impairment loss on the patent. D. Would record a $31 million impairment loss on the patent. Frosty. Co.'s starting allowance for uncollectible accounts was $14,000. During the period. Frosty. Co. recorded a write off of an account as uncollectible of $6.000. and $4,000 of bad debt expense. If Frosty. Co.'s accounts receivable at the end of the period was $80.000, what is the percentage of ending AR used by Frosty. Co. to estimate uncollectibles? A. 5% B 10% C. 12.5% D. 15% E. 17.5%