Answer:
mainly because of the countries negative trade balance, but also because it is strictly regulated by the central bank which is the National bank of Ethiopia.
 
        
             
        
        
        
Answer:
True
Explanation:
According to the IRS:
- ordinary expenses are expenses that are common and accepted in a company's trade or industry.
- necessary expenses are expenses that help your company carry on its normal business. 
Tax deductible expenses must be ordinary, necessary, and reasonable.
 
        
             
        
        
        
Answer:
Dr Right of use asset 59,007.60
     Cr Lease liability 59,007.60
Explanation:
Variable lease payments are generally not included as right of use asset or lease liability. Even though a 60% possibility exists that an additional $5,000 will be paid, they are not based on an index and are not disguised payments (only two exceptions to this rule). 
Annual lease payments = $12,000
PV annuity factor, 6%, 6 periods = 4.9173
PV of lease payments = $12,000 x 4.9173 = $59,007.60
 
        
             
        
        
        
Answer:
Bad Debt A/c Dr  $9,000
To Credit Allowance for Bad & Doubtful  A/c    $9,000
Explanation:
According to the scenario, the journal entry are given below:
Journal Entry:
Bad Debt A/c Dr  $9,000
To Credit Allowance for Bad & Doubtful  A/c    $9,000
(Being the Bad debt A/c is recorded)
The computation for bad debts are given below:
  Bad debts = Uncollectible Amount - Credit balance in Allowance for doubtful A/c
Where, 
Uncollectible Amount = $12,000
Credit balance in Allowance for doubtful A/c = $3,000
By putting the value we get,
= $12,000 - $3,000
= $9,000
 
        
             
        
        
        
Answer:
D) its revenue minus its cost of intermediate goods.
Explanation:
The firm value added shows a difference between the revenue and the cost of intermediate goods
In mathematically, 
Firm value added = Revenue - cost of intermediate goods
After deducting the cost of intermediate goods from the revenue we can get the firm value added 
Hence, the option D is correct as it denotes the firm value added