If accounts receivable are pledge against borrowings

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18.If accounts receivable are pledge against borrowings, the amount of accounts receivable pledgeshould bea.Excluded from total receivables with disclosureb.Excluded from total receivables without disclosurec.Included in total receivables with disclosured.Included in total receivables without disclosureC
19.Scotch Company, which has an adequate amount in its Allowance for Doubtful Accounts, writes offand uncollectible an account receivable from a bankrupt customer. This action will:
20.Bruce Cycle Shop sells a bicycle to E. Nygma, a customer who uses Express Charge (a national creditcard, but not issued by a bank). In recording this sale, Bruce Cycle Shop should report:
21.Maverick Company received a 60-day, 15% note for P3,000 on June 16.Which of the following is nottrue?
22.Discounting a note receivable createsa.Protest feeb.Interest expensec.Contingent liabilityd.Cash disbursementC
23.Inventories do not encompass
24.Which of the following items should not be included in the inventory at year end?
25.When a periodic inventory system is used:

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Term
Spring
Professor
steve uydess

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