Problem based on allowance for uncollectible accounts
At what amount will accounts receivable be reported on the balance sheet if the gross receivable balance is $20,000 and the allowance for uncollectible accounts is estimated at 10% of gross receivables?a. $2,000
b. $18,000
c. $20,000
d. $22,000
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Intelligentsia had never before incurred restructuring charges. At the end of the year, the company's balance sheet included a restructuring accrual of $9,881. The cash flow effect of Intelligentsia's restructuring during fiscal 2009 was:
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