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Kisachek [45]
2 years ago
7

Conroy Company uses the allowance method to account for bad debts. During the year, Conroy determined that a balance of $200 fro

m Alegia Co. was uncollectible and wrote the balance off. What is the total decrease to net income related to this entry
Business
1 answer:
navik [9.2K]2 years ago
5 0

Because the balance of $200 from Alegia Co. was uncollectible and wrote off, then, the total decrease to net income related to this entry will be $0

<h3>What are Uncollectible debt?</h3>

An uncollectible debt also called an accounts uncollectible refers tp receivables, loans or debts that have no chance of being paid.

In conclusion, the total decrease to net income related to this entry will be $0 as the balance of $200 from Alegia Co. was uncollectible and wrote off.

Read more about uncollectible debt

<em>brainly.com/question/24871617</em>

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True (A)

Explanation:

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A manufacturer of luxury yachts would use which type of costing​ system?
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You deposit $5000 at end of each year for 10 years. assume you are earning 8.88% per year for the entire problem. after 10 years
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8 0
3 years ago
Blue Co. had the following first-year amounts related to its $12,000,000 construction contract: Actual costs incurred and paid $
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$900,000

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% completion during the year is

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Profit for the year is

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