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Diano4ka-milaya [45]
1 year ago
11

True or false: GAAP require end-of-period adjustments for the estimated bad debts in the period of the credit sale even though t

he specific, non-paying customers have not yet been identified. True false question. True False
Business
1 answer:
Feliz [49]1 year ago
6 0

The given statement can be marked as true because the expense recognition principle requires an estimated expense be reported in the same period as the related credit sale rather than later when the customer is identified.

<h3>What is the GAAP?</h3>

GAAP refers to the Generally Accepted Accounting Principles, which is a set of collection of rules and procedures for financial reporting.

The purpose of GAAP is to create a consistent and comparable method of accounting which ensures that a company's financial records are complete and homogeneous.

It also gives a complete picture of the company's financial position.

Learn more about the GAAP here:-

brainly.com/question/24107590

#SPJ1

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Suppose a local bank increases the fees they charge for their bank accounts by 2020 percent. In​ response, the demand for their
Musya8 [376]

Answer:sory i doont nhow

Explanation:

6 0
3 years ago
There exists a(n)
FrozenT [24]

Answer:

Direct, upward sloping

Explanation:

Supply refers to the quantities of goods or services that firms are willing to sell to the markets are a specific price. As per the law of supply, an increase in prices leads to an increase in the quantity supplied. Therefore, the relationship between the price and quantity supplied is direct. Firms prefer to supply more products to the markets at higher prices because they will make more profits.

The supply curve is a graphical presentation of the relationship between price and quantity supplied.  The supply curve is upward sloping. It originates from the bottom left corner, showing how quantities vary along the curve at different prices. Quantity supplied increases as the price rise.

7 0
2 years ago
In calculating earnings per share, companies deduct preferred dividends from net income if:
Savatey [412]

Answer: Option B

Explanation: Earnings per share is calculated by dividing net income available to common shareholders with the weighted average number of shares.

Deduction of preferred dividends from net income is done only when dividends are declared by the entity, otherwise not. Preference shareholders have priority over common shareholders in case of dividends, so it will result in reduction of earnings to common shareholders but only when the dividends are declared and distributed.

7 0
3 years ago
in the budget 2013-2014 the government proposed to raise the excise duty on cement. it also proposed to raise the income tax on
podryga [215]

Worried by falling stock prices and plunging sales, cigarette makers are lobbying hard to prevent the government from hiking excise duty for the third straight year. Industry body, The Tobacco Institute of India in its budget submission to the finance ministry has requested the government to maintain the current duty on cigarettes and reduce duty on the smaller size sub-65 mm length filter to Rs 200 per thousand sticks from Rs 669 per thousand cigarettes to allow the industry

5 0
2 years ago
Frank, the owner of a local furniture store that has been in business for 75 years, is retiring. He is selling his store to a ne
Nady [450]

The correct answer would be option A, Frank should share the culture of the company through stories, rites, and rituals.

As they sit down over coffee at the local deli, Frank should share the culture of the company through stories, rites, and rituals, with the new owner about the success of his business.

Explanation:

Frank is in the furniture business for so long. Now he is retiring, and he wants his business to be persuaded successfully in the future as well. He is selling his store to people who have no roots in the community. He wants to share the secret of his success to the new owner.

So to make the new owner understand the secret of success, Frank should share the culture of the company by telling the new owner, stories, rites and rituals of the company which made his business successful.

Learn more about Business Strategies at:

brainly.com/question/3325483

#LearnWithBrainly

5 0
3 years ago
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