A new partner contributes accounts receivable to a partnership which appear in the ledger of his sole proprietorship at $ 20,500 and there was an allowance for doubtful accounts of $ 750. If $600 of the accounts receivables are completely worthless, the partnership accounts receivable should be debited for $19,900
Indicate whether the statement is true or false
True
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A proportionate distribution of shares of a corporation's own stock to its stockholders is called a
a. cash dividend; b. stock dividend; c. stock split; d. stock distribution; e. stock appropriation.
Which of the following would be typical of Braverman’s view on management?
a. Management is nothing but a tool of the capitalist b. Middle management and the capitalist were equals c. Management are delegated the responsibility of operating surveillance systems on labour d. Both a and c
Leases of personal property exceed $100 billion annually and are governed by Article 2A of the UCC
a. True b. False Indicate whether the statement is true or false
A possibility of reverter is the complementary estate to a:
a. fee simple. b. qualified fee. c. life estate. d. reversion.