Paula transfers stock to her former spouse, fred. the transfer is pursuant to a divorce agreement. paula's cost of the stock was $75,000 and its fair market value on the date of the transfer is $95,000. fred later sells the stock for $100,000. fred's recognized gain from the sale of the stock is $5,000. true or false?

Brandon, a manager at fairpro technologies corp., is required to provide individual performance feedback to his subordinates. in this scenario, the communication between brandon and his subordinates is at a(n) level

Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined

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?