Answer:
The correct answer is letter "A": The Ministry of Environment limits the number of trees that each lumbering firm can fell.
Explanation:
The case given relates to how the government set limits to the unregulated exploitation of natural resources to control its renewability. In that way, both the fishermen and the lumbering firms' activities were reduced to a rational number so that the resources they work with cannot be extinguished.
$8,000 (80% limitation) amount of year 2 income may be offset by the carryforward of the year 1 net operating loss
When a business' running costs are higher than its gross income, it experiences an operating loss (or revenues in the case of a service-oriented company).
Operating profit is the profit a business makes before taxes and interest. In the same manner as cost of goods sold, selling, general, and administrative expenditures are, interest and taxes are not regarded as operating costs. In many cases, businesses make enough money to pay their costs and turn a profit.
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Answer: it requires less objects to make the decision much easier and clearer of what the purchaser wants to get.
Explanation:
Even if people are speaking the same language, there can be <u>cultural differences</u> that affect communication. Certain words or phrases can mean very different things across languages.
Answer:
The adjusting entry which is to be recorded is shown below:
Explanation:
The adjusting entry which is to be recorded is as:
Bad Debt Expense A/c..................................... Dr $14,740
Allowance for Doubtful Accounts A/c...............Cr $14,740
As the company records the bad debt expense at the end of the present year
Working Note:
As the company used the percent of receivables sales
Amount = Accounts receivables × Percentage of ending receivable
= $446,000 × 3.0%
= $13,380
Bad debt expense amount = Amount - Debit balance of allowance for doubtful accounts
= $13,380 + $1,360
= $14,740
