Considered the first and lowest level of stocks. common stock 2. probably the safest investment; corporations can withstand a downturn in the economy issue 3. the most basic stock a company will issue; it carries higher risks than other stocks downturn 4. the owners of this type of stock will collect their dividends first, before the owners of common stock blue chip stocks 5. a share of profits received by a shareholder dividend 6. a financial return that has a set limit penny stocks 7. a dip in the market preferred stock 8. the act of a company selling stock fixed dividend payment

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets. b. an increase in accrued liabilities. c. an increase in notes payable. d. an increase in accounts receivable. e. an increase in accounts payable.

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?