will result in an overall loss, when should that lo 1. When a contractor determines that a contract recopnized within the completed-contract and letion methods? Immediately Immediately Over the remainder of the contract At the Completed Contrast a At the completion of the contract b. Immediately completion of the contract d. At the completion of the contract end of 2014 and 2013, 2. Harris, Ine. reported the following balances (after adjustment) at the 12/31/2014 12131/2013 105,000 102, 000 996, 000o 94,500 Total accounts receivabie .. Net accounts receivable Daring 2014, Harris wrote off in previous years, Harris" doubtful ote offetomer accounts totaling $3,200 and collected $800 on accounts written ofr accounts expense for the year ending December 31, 2014 is totaling a. $3,900. b. $1,500. c. $3,000. d. $2,400 23. diselosed the following information for the year ended December 31, 2014: Net credit sales Net cash sales $1, 500,000 240, 000 Accounts Receivable at beginning of year Accounts Receivable at end of year . 200, 000 400,000 Windward's accounts receivable turnover is a. 4.35 times. b. 5.00 times. c. 3.75 times. d. 5.80 times 24. Barter Company borrows $20,000 for one year a 9% interest, but must maintain balance. The effective rate of interest on this loan is SI 600 compensating 17.0%. 8.0%. 9.0%. 9.8%. a. b. c. d. 25. Based on its past collection experience, Base Company provides for bad debts at the rate of 2 percent of net credit sales. On January 1, 2014, the allowance for doubtful accounts credit balance was $10,000. During 2014, Base wrote off $18,000 of uncollectible receivables and recovered $5,000 on accounts written off in prior years. If net credit sales for 2014 totaled $1,000,000, the doubtful accounts expense for 2014 should be a. $20,000. b. $23,000. c. $17,000. d $35,000