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Accounting Discussion Question
Accounts Receivables" Please respond to the following:
• Imagine that you are the treasurer of your organization, and the company is in need of cash; unfortunately, the company is unable to secure a loan from the bank. Suggest at least two ways in which the company can obtain the needed cash. Compare and contrast secured borrowing and sale of receivables. Also, recommend one of the methods that the company should use in order to obtain cash. Provide an explanation to support the method that you have selected.
• Suppose management is considering offering credit sales to customers but is unsure of what the generally accepted accounting principles are concerning uncollectible accounts receivables. You are the senior accountant, and management has asked for your help. Compare and contrast the percentage of sales method and the percentage of receivables method to recognize uncollectible accounts receivables. Recommendation to management the type of method that would be beneficial to the company if the company is seeking a loan from a bank. Provide a rationale to support your recommendation.
this case is based on the statement of cash flows for allison corporation. use this statement to evaluate the companys
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1. the primary purpose of the statement of cash flows is to report all major cash receipts inflows and cash payments
Specifically, you are making a presentation about your role as an accountant. Describe for the students the primary objectives of accounting. a) Explain the basic terminology of the accounting process or financial reporting.
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