1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Diano4ka-milaya [45]
2 years 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]2 years 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

You might be interested in
Which of the following is TRUE of debt securities? (A) Debt securities include preferred stocks. (B) Debt securities typically p
Bingel [31]

Answer:

The statement which is correct and true is that the debt securities usually pay interest for the fixed period or year. Therefore, the correct option is B.

Explanation:

Debt securities are the securities which refer to a debt instrument like CD (Certificate of deposit, preferred stock, corporate bond and municipal bond, it is sold or bought among the parties.

It is also called as the securities which are fixed income, therefore, the statement which is correct is that these securities pay interest for a fixed period.

6 0
3 years ago
The primary goal of any marketing communication is to get the consumer to buy the product.
o-na [289]

The primary purpose of any marketing communication is to get the purchaser to buy the product. b) false

The final purpose of a marketing communique is to increase sales of your company's services and products. while you stay in contact with customers, deal with them as valued assets, and invite remarks, you construct the muse for worthwhile lengthy-term relationships.

Advertising is any paid shape of verbal exchange from a recognized sponsor or source that attracts interest to ideas, goods, services, or the sponsor itself- basically classified ads and advertisements (whether or not digital or print).

Marketing Communications specialists attention to their company's product or service to face out among competitors, so ability clients note them. They communicate with clients and advertise to new ones via social media and other online systems.

Learn more about marketing communication here: brainly.com/question/9696745

#SPJ4

7 0
2 years ago
Industries sales budget shows quarterly sales for the next year as​ follows: Quarter 1dash17 comma 000​; Quarter 2dash15 comma 0
Angelina_Jolie [31]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Quarter 1: 17,000​;

Quarter 2: 15,000​;

Quarter 3: 19,000​;

Quarter 4: 21,000.

Company policy is to have a target​ finished-goods inventory at the end of each quarter equal to 25 % of the next​ quarter's sales.

2nd Q production:

Sales= 15,000

Ending inventory= 0.25*19,000= 4,750

Beginning inventory= (15,000*0.25)= (3,750)

Total= 16,000 units

8 0
3 years ago
A customer of RoughEdge Sharpeners alleges that RoughEdge's new razor sharpener had a defect that resulted in serious injury to
Readme [11.4K]

Answer:

$5,000,000,000,000,000,000.000

8 0
3 years ago
The elasticity of supply measures how responsive:
slega [8]

Answer:

the quantity supplied is to a change in price. 

Explanation:

Elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price

Elasticity of supply = percentage change in quantity supplied/ percentage change in price

Supply is elastic if a small change in price has a greater effect on the quantity supplied.

Supply is inelastic if a small change in price has little or no effect on quantity supplied.

Supply is unit elastic if a small change in price has a proportional equal effect on quantity supplied.

I hope my answer helps you

8 0
3 years ago
Other questions:
  • Real per capita GDP in South Korea in 1957 was about $400, but it doubled to about $800.00 by 1978. a. What was the average annu
    14·1 answer
  • Which act makes it illegal for american executives to bribe foreigners to gain business?
    9·1 answer
  • Gearjazz, a company that manufactures and sells musical instruments, aims to increase its popularity among music artists and ent
    6·1 answer
  • When using project management software, estimates of work time should be entered only at the work package level; the rest of the
    12·1 answer
  • A report that shows the financial picture of a company at a given time and itemizes assets, liabilities, and stockholders' equit
    8·1 answer
  • Yuncen Foods is a food manufacturer based in Lumberne. It gets over half of its revenue from international sales. It has been co
    15·1 answer
  • If a price is too high to clear the market, that means
    13·2 answers
  • Hamasaki Company owns 30% of CDW Corp. stock and has significant influence. Hamasaki received $6,500 in cash dividends from its
    11·1 answer
  • Current information for the Healey Company follows:
    5·1 answer
  • If GDP is $15 trillion, how many years will it take for GDP to increase to $30 trillion if annual growth is 2 percent
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!