Miami Company reported the following information at year-end: Trade accounts receivable 930,000 Allowance for uncollectible accounts...

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Miami Company reported the following information at year-end: Trade accounts receivable 930,000 Allowance for uncollectible accounts (20,000) 30,000 Claims against shipper for goods lost in transit in November Selling price of unsold goods sent by Miami on consignment at 130% of cost and not included in Miami's ending inventory Security deposit on lease warehouse used for storing some inventories 260,000 300,000 Total 1,500,000 What total amount should be reported as trade and other receivables under current assets at year-end? Miami Company reported the following information at year-end: Trade accounts receivable 930,000 Allowance for uncollectible accounts (20,000) 30,000 Claims against shipper for goods lost in transit in November Selling price of unsold goods sent by Miami on consignment at 130% of cost and not included in Miami's ending inventory Security deposit on lease warehouse used for storing some inventories 260,000 300,000 Total 1,500,000 What total amount should be reported as trade and other receivables under current assets at year-end?

Answer rating: 100% (QA)

Solution A B 1 Trade and other receivable under current a... View the full answer