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adell [148]
1 year ago
15

4)which of the following is correct when bad debt expense is recorded at year-end? b) net accounts receivable will decrease.

Business
1 answer:
fiasKO [112]1 year ago
5 0

Bad debt expense is an operating expense. An increase in operating expenses decreases income from operations.

When a receivable is no longer collectible as a result of a customer's inability to pay an outstanding debt due to bankruptcy or other financial issues, a bad debt expense is recorded. Companies that offer credit to their customers record bad debts as an allowance for doubtful accounts, also referred to as a provision for credit losses, on their balance sheet.

The basic idea behind bad debt expense is the same as that behind all accounting principles: it enables businesses to completely and accurately report their financial position. Almost every business will encounter a customer who is unable to pay at some point, and they will need to record a bad debt expense.

Learn more about bad debt here:

brainly.com/question/29343346

#SPJ4

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Answer: violated organizational ethics

Explanation: because that makes most sense

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Riley operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a traffic acci
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3 0
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rusak2 [61]

Answer:

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8 0
3 years ago
Hardy Inc. has two operating departments (1 and 2) and is considering renting a new machine to help automate the printing proces
gayaneshka [121]

Answer:

$6,900

Explanation:

When you use the incremental cost allocation method, you must rank cost activities and how they will be allocated. In this case, department 2 is the primary user, and therefore, rental costs must be allocated first to them. Rental costs will be allocated at a $25/hour rate.

Since department 1 is the next user, 100 hours will be allocated using the same rate as department 2, but the next 200 hours will be allocated at the lower $22/hour rate. Total rental cost allocation to department 1 = (100 x $25) + (200 x $22) = $2,500 + $4,400 = $6,900

5 0
3 years ago
Quantum Technology had $652,000 of retained earnings on December 31, 20X2. The company paid common dividends of $33,300 in 20X2
loris [4]

Answer:

(a) $546,300

(b) $12.88

Explanation:

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= Dividend + Retained Earnings

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= $546,300

Earnings available to common stockholders means the amount available to distribute as dividend.

But the company need not pay full earnings as dividend. They may left some portion as retained earnings.

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= Earnings available to common stockholders ÷ no. of shares of common stock

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= $12.88

3 0
2 years ago
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