Synthesis of accounting fundamentals 1

Question 1
Incorporation G has the following data for a year:

Particulars
Amount
Sales revenue for 2019
$92,200
Accounts receivable as on January 1, 2019
$15,700
Accounts receivable as on December 31, 2019
$24,000

Determine the total cash receipts from the customer during 2019.

Choose an answer
A
The cash receipt from customers during 2019 is $68,200.
B
The cash receipt from customers during 2019 is $83,900.
C
The cash receipt from customers during 2019 is $100,500.
D
The cash receipt from customers during 2019 is $8,300.
Question 2
Which of the following transaction is not reported in a schedule accompanying noncash investing and financing activity of statement of cash flows?

Choose an answer
A
Capital stock distributed as dividends.
B
Conversion of bonds to common stock.
C
Exchange of land for building.
D
Acquisition of building in exchange of common stock.

Order Now

Calculate a fair price for your paper

Such a cheap price for your free time and healthy sleep

1650 words
-
-
Place an order within a couple of minutes.
Get guaranteed assistance and 100% confidentiality.
Total price: $78
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, how can I help?