Inge Co. determined that the net value of its accounts receivable at December 31, based on an aging of the receivables, was $325,000. Additional information is as follows:Allowance for credit losses at 1/1$ 30,000Uncollectible accounts recovered during the year 18,000 Collection of accounts previously written offthat were not expected to be recovered 2,000 Gross amount of accounts receivable at 12/31350,000For the year, what would be Inge’s credit loss expense?

How do communism and socialism differ in terms of the role that government plays in the economy ?

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?

Which investment has the liquidity and can be converted into cash easily?