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please help me on these question 20 Which of the following is different in terms of its effect on total number of shares outstanding? 3

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20 Which of the following is different in terms of its effect on total number of shares outstanding? 3 02:19:22 Multiple Choice o Stock splits o Stock repurchases o Stock issuances o Stock dividends 21. Van Dijk Corporation estimates the allowance for uncollectible accounts at 3% of the balance of accounts receivable. During 2020, Van Dijk wrote off $89,300 of accounts receivable and collected $23,770 on accounts previously written off. Bad debt expense for 2020 was $169,000. The balance in accounts receivable was $7,280,000 at 12/31/2020. What was the balance in accounts receivable at 1/1/2020? Multiple Choice O $4,623,333 O $5,250,961 O $3,831,000 C During 2021, sales and cash collections from customers for Saka Company were $260,000 and $210,000, respectively. During 2021, customers returned merchandise for credit of $7,000 to their accounts. The balance in the refund liability account at the end of 2021 was $6,500. Saka estimates that 4% of all sales will be returned. How much was the balance in the refund liability account at the beginning of 2021? 021 Multiple Choice Which of the following circumstances would not affect net income? ( Factoring receivables without recourse (ii) Writing off receivables under the direct write-off method (iii) Collecting previously written off receivables under the allowance method (iv) Writing off receivables under the allowance method 8 02:18:40 Multiple Choice (i), (i) and (iii) o (i) and (ii) o (iii) and (iv) o o (ii) and (iii) The following inventory data are available for Hutchinson for the year 2020: FIFO LIFO Beginning 317,300 285,200 Ending 380,700 327,700 Assuming an income tax rate of 32%, if Hutchinson elects LIFO instead of approximately: Multiple Choice $14,212 higher $14,212 lower o oo $36,040 higher 25 Rebocho Industries purchased $10,000 of merchandise on February 1, 2020 with credit terms of 2/10, n/60. It returned $2.500 worth of merchandise on February 4. Rebocho uses the periodic inventory system and net method for recording purchase discounts. Assume Rebocho paid its invoice on February 9. What is the effect of the entry to record the payment on February 9 on Rebocho's assets, liabilities and equity, respectively? 8 02-10-15 Multiple Choice No effect; Increase; Decrease O Decrease; Decrease: No effect ) Decrease; Decrease: Decrease o oo Decrease: No effect; Decrease

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