<span>Knowing
that you are buying one pound of bread is part of your rights as a buyer in the
market. Because first and foremost, you give out your money and you are buying
every crumble of the bread, meaning you already owned it.</span>
Answer:
B. $300,000
Explanation:
For computing the dividend, the computation is shown below:
= Current E&P + accumulated E&P at the beginning of the year
= $200,000 + $100,000
= $300,000
The dividend is $300,000 which is less than the distributed amount i.e $400,000 So, the distribution of dividend is only $300,000 ,not the $400,000 and the same is considered.
Allowance method of accounting for bad debts
.
Option - B
<u>Explanation:
</u>
The financial accounting term payments method refers to a system that is unplayable and records a bad debt expenditure estimate in the same period of accounting as the purchase. The deduction is used to adjust the cash flow accounts receivable.
The payment method is a better solution to the direct payment method because it is in line with the matching accounting theory.
Bad debts expenses are recognized soon since bad debts are likely and can be estimated to a fairly precise degree so that they meet the criteria necessary to recognize predicated losses and recognize the costs of bad debts.
Answer:
10.0 years
Explanation:
The computation of the payback period is shown below
We know that
Payback period = initial cost ÷ increase in net income
= $30,000 ÷ $3,000
= 10 years
As the depreciation expense is a non-cash expense so we dont considered it
Therefore the first option is correct
Its rubber boots which protects <span>you from chemicals and provides extra traction on slippery floors.
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