How does an increase in accounts receivable affect a company's financial statements?

Which statement is true regarding notes receivable?

A company has credit sales of \$20,000 in Year 1 and writes off \$2,000 in Year 2. How should this be reflected in the financial statements?

Which of the following is typically required to calculate the allowance for doubtful accounts?

Calculate the bad debt expense using the income statement approach for credit sales of \$3,000,000 with an uncollectible rate of 2%.

How is interest revenue calculated for a note receivable?

Calculate the interest for a \$5,000 note with a 10% annual interest rate issued for 60 days.

A company holds a bond that it intends to sell if the market conditions are favorable, but it is not actively trading it. How should this bond be classified on the financial statements?

On June 30th, DEF Company's stock had a market value of \$90 per share, up from \$85 per share at the last valuation. DEF holds 200 shares. What is the journal entry for the unrealized gain?

What is the impact of realized losses from AFS securities on the income statement?

Why is the straight-line method used for amortizing bond premiums in educational settings?

XYZ Corporation issues \$100,000 of bonds with a stated rate of 6% when the market rate is 4%. If the bonds are issued at 105%, what is the selling price?

A bond with a stated rate of 7% is being sold in a market where the market rate is 5%. At what price will the bond likely be sold?

Company Z sells its investment in Company W for \$900,000. The book value of the investment is \$1,000,000. What is the journal entry for the sale?

Which of the following best describes when to use consolidation accounting instead of the equity method?