Vasudevan inc. recently reported operating income of $2.30 million, depreciation of $1.20 million, and had a tax rate of 25%. the firm's expenditures on fixed assets and net operating working capital totaled $0.60 million. how much was its free cash flow, in millions? a. $2.22 b. $1.96 c. $2.33 d. $2.06 e. $2.44

Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,000 uncollectible account of its customer, a. hopkins. on july 10, gideon received a check for the full amount of $2,000 from hopkins. on july 10, the entry or entries gideon makes to record the recovery of the bad debt is