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wolverine [178]
3 years ago
6

A characteristic of a schedule of Accounts Receivable is that

Business
2 answers:
Free_Kalibri [48]3 years ago
5 0
D is the answer I believe
Alona [7]3 years ago
5 0
Its D all of the above
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the direct write-off method is used for tax purposes but is generally not permitted for financial reporting. true or false?
Fantom [35]

True, the direct write-off method is used for tax purposes but is generally not permitted for financial reporting.

Direct write-off method occur when account receivable uncollectible are written or recorded as bad debt and  this occur when the money a company is expecting to receive from their customers or clients are uncollectible because the customer did not pay.

Direct write-off method is used for tax purposes because bad debt expense  is recorded based on uncollectible amount which is the amount a company is not expecting to receive from their debtors.

This method is not in accordance with the Generally accepted accounting principles which is why it is generally not permitted for financial reporting.

Inconclusion True, the direct write-off method is used for tax purposes but is generally not permitted for financial reporting.

Learn more about direct write-off method here:brainly.com/question/12419642

4 0
3 years ago
After a bank reconciliation has been completed these transactions are listed as ____ to the cash balance? ? need help taking A p
Taya2010 [7]

Answer:

A

Explanation:

After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.

Once the balances are equal,<em> businesses need to prepare journal entries </em>for the adjustments to the balance per books.

8 0
3 years ago
Partial adjusted trial balance for Pina Colada Corp. at December 31, 2017, includes the following accounts: Retained Earnings $1
lara [203]

Answer:

See below

Explanation:

Pina Colada Corp.

Retained earnings statement for the year

Retained earnings January 1 [$16,700 + $4,700 - $10,400] $11,000

Add: Net income $10,400

Less: Dividends $4,700

Retained earnings, December 31 $16,700

Therefore, ending retained earnings is $16,700

4 0
3 years ago
Brea is looking for an insurance policy for her car. Her friend, Justin, who is an attorney, just told her that the policy is a
Tatiana [17]

Answer:

answer is b

Explanation:

3 0
3 years ago
Bonds are considered to offer a guaranteed return, as they must be honored by law, but which is still a potential risk that inve
Fiesta28 [93]

Bonds are a type of investments that is categorized as a fixed-income instrument which symbolizes loans that investors make to a borrower. Bonds can be made by a corporation or a government. Bonds always have end dates, and they generally have lower risks compared to stocks.

However, there are still some risks associated with this type of instrument, which is (C) the issuer could go bankrupt.

7 0
3 years ago
Read 2 more answers
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