7:27 < ession[1].docx - Word v QO References Mailings O 2¶ Paragraph Review cash collected: 5 One day you're going in miss my bering texts Costs to date Estimated costs to complete Progress billings during the year Cash collected during the year Accessibility: Investigate Search View Help BLUEBEAM Normal _||| No Spacing Styles Acrobat 2021 $ 980,000 3,020,000 1,000,000 648,000 O Heading 1 Calculate the amount will be reported for accounts receivable on the statement of financial position at December 31, 2022. 3. Accounts Receivable on the Statement of Financial Position at December 31, 2022 for Newton Corp.: Accounts Receivable is calculated as the cumulative billings to date minus the cumulative Go to website √ 2022 $2,040,000 1,960,000 1,000,000 1,280,000 Accounts Receivable at December 31, 2022 = Cumulative Billings -Cumulative Cash Collected Accounts Receivable at December 31, 2022 = ($1,000,000+ $1,000,000) - ($648,000+ $1,280,000) = $2,000,000 - $1,928,000 = $72,000 Therefore, the amount reported for accounts receivable on the statement of financial position at December 31, 2022, for Newton Corp. is $72,000. 4G 97% O Editing C Create an Adobe Ad Er

7:27 < ession[1].docx - Word v QO References Mailings O 2¶ Paragraph Review cash collected: 5 One day you're going in miss my bering texts Costs to date Estimated costs to complete Progress billings during the year Cash collected during the year Accessibility: Investigate Search View Help BLUEBEAM Normal _||| No Spacing Styles Acrobat 2021 $ 980,000 3,020,000 1,000,000 648,000 O Heading 1 Calculate the amount will be reported for accounts receivable on the statement of financial position at December 31, 2022. 3. Accounts Receivable on the Statement of Financial Position at December 31, 2022 for Newton Corp.: Accounts Receivable is calculated as the cumulative billings to date minus the cumulative Go to website √ 2022 $2,040,000 1,960,000 1,000,000 1,280,000 Accounts Receivable at December 31, 2022 = Cumulative Billings -Cumulative Cash Collected Accounts Receivable at December 31, 2022 = ($1,000,000+ $1,000,000) - ($648,000+ $1,280,000) = $2,000,000 - $1,928,000 = $72,000 Therefore, the amount reported for accounts receivable on the statement of financial position at December 31, 2022, for Newton Corp. is $72,000. 4G 97% O Editing C Create an Adobe Ad Er

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter10: The Basics Of Capital Budgeting: Evaluating Cash Flows

Section10.4: Internal Rate Of Return (irr)

Problem 6ST

See similar textbooks