116. Rosalie Corporation is located in Los Angeles but does busines.pdf
0 likes5 views
Rosalie Corporation, based in Los Angeles and operating in Europe, manufactures pharmaceutical equipment. As of December 31, 2015, the company assessed impairments on its accounts receivable, totaling $156,400 including specific impairments from Finley Company and Hunter, Inc. The total calculated impairment includes a composite rate applied to other receivables, leading to the conclusion of the impairment amount.
1 of 1
Download to read offline
![1. How many list objects are created by the code below x = [5].pdf](https://cdn.slidesharecdn.com/ss_thumbnails/1-230709135546-26f07645-thumbnail.jpg?width=560&fit=bounds)
116. Rosalie Corporation is located in Los Angeles but does busines.pdf
- 1. 116. Rosalie Corporation is located in Los Angeles but does business throughout Europe. Th company builds and sells equipment used in manufacturing pharmaceuticals. On Decembe 31, 2015, Rosalie's accounts receivable are as follows: Individually significant receivables Finley Company Rios, Inc. Rafael Co. Hunter, Inc. All other receivables Total $80,000 200,000 120,00o VV100,oo $500,000 $100.000 Rosalie Corporation determines that Finley Company's receivable is impaired by $40,00 and Hunter, Inc.'s receivable is totally impaired. The other receivables from Rafael and Ri are not considered impaired. Rosalie determines that a composite rate of 2% is appropriate measure impairment on all other receivables. What is the total impairment of receivables f Rosalie Corporation for 2015? A. $156,400 B. $140,000 C. $150,o00 D. $123,600 Solution