Question: Braddock Inc. Long term Receivables Section of Balance sheet December 31,2014 9% note receivable from sale of division 8% note receivable from officer Zero

Braddock Inc. Long term Receivables Section of Balance sheet December 31,2014 9%

note receivable from sale of division 8% note receivable from officer Zero

Braddock Inc. Long term Receivables Section of Balance sheet December 31,2014 9% note receivable from sale of division 8% note receivable from officer Zero interest bearing note from sale of patent Installment contract receivable, less current installment Total Long term Receivables Braddock Inc. $500,000 400,000 86,873 110,275 Selected Balance Sheet Balances December 31,2014 Current portion of long term receivables Note receivable from sale of division Installment contract receivable total current portion of long term receivables Accrued interest receivable Note receivable from sale of division Installment contract receivable Total accrued interest receivable Braddock Inc. 500000 29725 529725 60000 7700 67700

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!