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dybincka [34]
4 years ago
9

Cambridge Co. uses the allowance method. During January 2019, Cambridge writes off a $640 customer account balance when it becom

es clear that the customer will never pay. The entry to record the write-off will:
a. not affect expenses in 2019.
b. decrease net income in 2019 by $640.
c. decrease net accounts receivable by $640.
d. decrease total assets by $640.
Business
1 answer:
yan [13]4 years ago
8 0

Answer:

The correct answer is option (a).

Explanation:

According to the scenario, computation of the given data are as follows:

Allowance method shows that, if account is written off, then Accounts receivable account gets credited and Allowance accounts gets debited.

Here, both accounts are or balance sheet items.

So, it will not affect any expenses account.

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The production of small consumer goods is referred to as?
AURORKA [14]
The correct answer is  :  light Industry

Since a light industry only produce small consumer goods such as clothes, shoes, hand made dolls, etc, it usually less capital oriented than the heavy industries and more consumer oriented than business oriented
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3 years ago
this is something that im making in computers, it's a job and/or restaurant poster or something like that. tell me what u think
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Answer:

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3 years ago
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On March 1, 2022, Wildhorse Company acquired real estate, on which it planned to construct a small office building, by paying $9
Nitella [24]

Answer:

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4 0
3 years ago
If supply is unchanged, but demand increases, we can conclude that the new equilibrium:
den301095 [7]

Answer:

The correct answer is option e.

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So, option e is the correct answer.

8 0
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The theory that quantity supplied and price are positively related, other things constant, is referred to as the law of: opportu
vova2212 [387]
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