(Answered) Kiner corp had the following balances in receivable

Accounting

Kiner Corp. had the following balances in receivable accounts at October 31, 2010 (in thousands): Allowance for Doubtful Accounts $56; Accounts Receivable $2,870; Other Receivables $189; Notes Receivable $1,353.

Instructions

Prepare the balance sheet presentation of Kiner Corp.'s receivables in good form.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91048636
Price:- $30

Verified Expert

Priced at $60 Now at $30, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - at december 31 2016 grouper corporation reported

Question - At December 31, 2016, Grouper Corporation reported current assets of $384,870 and current liabilities of $206,100. The following items may have been recorded incorrectly. 1. Goods purchased costing $22,150 wer ...

Question - maxwell corporation has income per books before

Question - Maxwell Corporation has income per books before tax of $400,000. Included in the income per books is $8,000 interest income from tax-exempt municipal bonds. In computing income per books, Maxwell deducted $22, ...

Question - larkspur inc reported the following in its 2017

Question - Larkspur, Inc. reported the following in its 2017 and 2016 income statements. 2017 2016 Net sales $183,000 $146,400 Cost of goods sold 109,750 87,750 Operating expenses 39,000 19,500 Income tax expenses 22,0 ...

Question - marvin and simone are a retired couple living on

Question - Marvin and Simone are a retired couple living on income from their investments and Social Security benefits. During the current year, they receive the following: Consulting fee from Burton industries $35,000 I ...

Question - vitale hair spray had sales of 30000 units in

Question - Vitale Hair Spray had sales of 30,000 units in March. A 40 percent increase is expected in April. The company will maintain 5 percent of expected unit sales for April in ending inventory. Beginning inventory f ...

Question - ismail construction enters into a contract to

Question - Ismail Construction enters into a contract to design and build a hospital. Ismail is responsible for the overall management of the project and identifies various goods and services to be provided, including en ...

Question - aztec company sells its product for 160 per unit

Question - Aztec Company sells its product for $160 per unit. Its actual and budgeted sales follow. Units Dollars April (actual) 3,500 $560,000 May (actual) 2,400 $384,000 June (budgeted) 5,000 $800,000 July (budgeted) 4 ...

Question - aja could tell that this patron was not her

Question - Aja could tell that this "patron" was not her store's usual type. She could see he did not care about fashion, and the customers that came to her shop in the Jacksonville mall were all tuned in to the latest s ...

Question - effective financial reporting depends on sound

Question - Effective financial reporting depends on sound ethical behavior. Financial scandals in accounting and the businesses world have resulted in legislation to ensure adequate disclosures and honesty and integrity ...

Question - a few members in the circular club do not want

Question - A few members in the Circular Club do not want to continue with annual rodeo. However, Shelly is insistent the club must continue to conduct the rodeo as an annual fundraiser. Shellley aegues she has spent hun ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert