Answer:
$48,000
Explanation:
<em>What should Swifty report as its Allowance for Doubtful Accounts at 12/31/20?</em>
<em />
Allowance for Doubtful Accounts 12/31/20 = Accounts receivable at 12/31 * Uncollectible percentage of Accounts receivable
Allowance for Doubtful Accounts 12/31/20 = $960,000 * 5%
Allowance for Doubtful Accounts 12/31/20 = $48,000
Answer:
“a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.” - Oxford language
Explanation:
Hope this helped
Answer:
yes land can contribute to production.
Land is the only place to grow crops and to do farming. if we do good to land by using organic fertilizers then production will also be good. so land is the only source for the production of crops as land provides minerals and vitamins to the plants for the production of crops.
Answer:
A hostile takeover with IDNIC corporation as the target company.
Explanation:
Since SKRAM is appealing directly to shareholders of IDNIC to acquire stocks of IDNIC corporation, it means they have a target of getting them to have a certain percentage of ownership in IDNIC because owning a stock in a company means having a percentage of ownership in that company.
This kind of appeal can be likened to trying to an aggressive push to make the shareholders take over the IDNIC corporation.
Answer:
D) $4,200
Explanation:
the business investigation expenses of a taxpayer who is already engaged in a similar trade or business are fully deductible in the year incurred regardless of whether or not the taxpayer goes into a new business.
Therefore, the maximum amount of deduction for the current year is
$4,200.
