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The percentage of receivables basis for estimating uncollectible accounts emphasizes Select one: O the relationship between accounts receivable and bad debt expense. O cash realizable
The percentage of receivables basis for estimating uncollectible accounts emphasizes Select one: O the relationship between accounts receivable and bad debt expense. O cash realizable value. O the relationship between sales and accounts receivable. O income statement relationships. Finish atten Salt Co. lends a company $120,000 on June 1, 2017, accepting a six-month, 10% interest- bearing note. Assuming the date Salt's statement of financial position is September 30, 2017, what amounts will Salt record related to this note? Select one: Osalt Co will record interest revenue of $6,000. O Salt Co will record interest revenue of $12,000, salt Co will record interest revenue of $4,000 Salt Co will not record anything related to the note since it matures on Dec.1, 2017 age Next page On January 1, 2020 Arab Corporation purchased 30% of the ordinary shares outstanding of Amman Corporation for $300,000. During 2020, Amman Corporation reported net income of $200,000 and paid cash dividends of $80,000. The balance of the Share Investments - Amman account on the books of Arab Corporation at December 31, 2020 is Select one: O $380,000 $300,000 O $336,000. O $500,000
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