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Solnce55 [7]
2 years ago
5

Allowance for doubtful accounts is classified as a(n) ______ account and has a normal ______ balance.

Business
1 answer:
tensa zangetsu [6.8K]2 years ago
3 0

Allowance for doubtful accounts is classified as a(n)  contra asset  account and has a normal  <u>credit </u>balance.

<h3>What is contra asset?</h3>

In a general ledger, a contra account is used to lower the value of a linked account when the two are netted together. The natural balance of a contra account is the inverse of the related account. The contra account records a credit if the connected account's natural balance is a debit. As an illustration, accumulated depreciation serves as the contra account for a fixed asset.

An account used in a general ledger to lower the value of a connected account is called a contra account.

They can be used to report a decrease or write-down in a different contra account that nets to the current book value while maintaining the historical value in the main account.

To learn more about contra asset from the given link:

brainly.com/question/15610334

#SPJ4

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Answer:

B. The denial is justifiable given the level of interbrand competition.

Explanation:

Anti trust law only applicable if you can proof that two or more producers in the same industry work together in order to assert their control over the market. They can do this through price fixing, controlling the amount of supply, etc.

This condition<em> can't be found</em> in the scenario above.

The denial that done by PepsiCo is justifiable because in a really competitive market, a company need to impose a strict requirement on which entities they should form a dealership relation with. If PepsiCo choose the wrong dealers, Its competitors could easily taken over the market and resulted in a huge amount of loss for the company.

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On November 30, 2020, a U.S. company purchased merchandise on credit from a Swiss supplier at an invoice price of CHF1,000, when
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Answer:

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Based on the current political situation, Yes, <u>President Biden</u> has the political capital to pass his social infrastructure bill.

<h3>What is Political Capital?</h3>

Political Capital is a term used to describe the total resources and power established through connections, trust, goodwill, and influence among politicians over time.

Given that President Biden was once a senator and Vice President of the United States, he must have built many cordial relationships among many old-time senators and representative members in the US Congress.

Hence, in this case, it is concluded that the correct answer is " <u>Yes, President Biden has the political capital to pass his social infrastructure bill."</u>

Learn more about Political Capital here: brainly.com/question/7448602

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