<span>Mary's cleaning business has several customers but is not dominant in its field. this is and example of a small business. Cleaning business is a very small business because of independent workers are involving the job. and very low profit of the cleaning business. it is commonly a residential cleaning business.</span>
Answer:
The answer is A.
Explanation:
a. subtract the balance of Allowance for Doubtful Accounts from Accounts Receivable
, because
the account receivables is an asset account, so must be subtracted the allowance of doubtful receivables, which functions as a regularizing account of the asset.
Option B is not appropriate since it subtracts the expense recognized in the period and not the total forecast
.
and option C and D <em><u>add </u></em>the receivables that are considered doubtful or uncollectible, so it is not appropriate either.
Using the LIFO costing method, the cost that would be assumed to be sold first is $14.
<h3>What is the LIFO costing method?</h3>
The LIFO costing method is the inventory costing method that assumes that units sold first are from those that are newly purchased.
The LIFO (Last-in, First-out) method is different from the FIFO method which assumes that units sold first are those that are purchased at the beginning.
Thus, using the LIFO costing method, the cost that would be assumed to be sold first is $14.
Learn more about the LIFO costing method at brainly.com/question/24938626
Answer:
c. cost approach
Explanation:
The cost approach is a real estate valuation method in which the price estimated regarding the buyer that have to pay for the property and the same is equivalnet to the cost for creating a buidling.
Here the property value should be equivalent to the land cost also add the construction cost and minus the depreciation expense
So as per the given situation, it is the cost approach that determined the market value of the property
Answer:
a. 550,000
Explanation:
The gain on the asset is calculated by the sales proceeds minus the original cost of the asset.
In this question the home' initial cost is $200,000 and it is sold on $750,000. In absence of any unusual or hardship circumstances, the direct gains is $550,000 ( $750,000 - $200,000) as all the closing costs are paid by the buyer, so, Barney ans Betty should include the whole gain of $550,000 in the gross income.