Question $10$ of $15$

$/11$

inaicate now eacn or the tollowing transactions would arrect Ivannoe Ho$$aings Lta.s statement or income, statement or nnancial position, and statement of cash flows. If there would be no effect, then state that. Ivanhoe uses the allowance method of accounting for credit losses.

a$.$ Ivanhoe wrote off a receivable from a customer in the amount of $$24,000.$

b$.$ Ivanhoe recovered a $$14,800$ receivable from a customer whose account had previously been written off.

c$.$ Ivanhoe recorded credit losses for the period totalling $$42,000.$

a$.$ Statement of Income

Statement of Financial Position

Statement of Cash Flows

$

b$.$ Statement of Income

Statement of Financial Position

$

$

$

Statement of Cash Flows

$