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4 years ago

Collection of accounts receivable that previously have been written off are credited to_____________.

Business

1 answer:

Black_prince [1.1K]4 years ago

6 0

Answer:

Collection of accounts receivable that previously have been written off are credited to Retained Earnings

Explanation:

Since the earning is later received it would be referred to as retained earnings or realized earnings

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. Based on the Empirical Rule, what percent of the observations will lie between plus or minus two standard deviations from the

frez [133]

Answer:

Empirical Rule or 68-95-99.7% Rule

Approximately 95% of the data fall within two standard deviations of the mean.

6 0

3 years ago

A company issued rights to its existing shareholders without consideration. The rights allowed the recipients to purchase unissu

AnnyKZ [126]

Answer:

Option C.

1. No

2. No

Explanation:

The rights are unissued common stock yet hence no double entry would be passed. The double entry will only be passed when the rights are exercised.

The double entry when the rights are exercised would be:

Dr Bank A/c XX

Cr Common stock XX

Cr Additional paid-in capital XX

8 0

3 years ago

On January 1, 2020, Swifty Corporation issued $4,360,000 of 10-year, 7% convertible debentures at 104. Interest is to be paid se

meriva

Answer:

Explanation:

Issue price of Bonds = 4360000*104%=4534400

Face value of Bonds = 4360000

Premium on bonds = 174400

31-Dec-21

Dr Interest Expense $161,320

Premium on Bond Payable ($1,744,00/20) $8,720

Cash ($4360000*7%/2) $152,600

01-Jan-22

Dr Bond Payable $436,000

Dr Premium on Bond Payable (174400-174400/20*4)*10% $13,952

Dr Common Stock (436000/1000*8*100) $348,800

Cr Paid in capital in excess of par $101,152

31-Mar-22

Dr Interest Expense $7,194

Dr Premium on Bond Payable (13952/8*3/12) $436

Cr Interest Payable (436000*7%/12*3) $7,630

Dr Bond Payable $436,000

Dr Premium on Bond Payable $13,952

Cr Common Stock $348,800

Cr Paid in capital in excess of par $101,152

30-06-2022

Dr Interest Expense $115,104

Dr Premium on Bond Payable (174400*80%)/20 $6,976

Cr Interest Payable $7,360

Cr Cash (4360000*80%*7%/2+7360) $129,440

8 0

4 years ago

Advantages of rehearsing for an interview alone and rehearsing with a friend

Tpy6a [65]

If you are rehearsing the interview by yourself, one advantage is, you'll have full confidence, because no one is there watching and judging you. One advantage to rehearsing with a friend is that they can give you feedback to help you improve your interview answers and tone in the form of constructive criticism. Those are two advantages for your question.

3 0

3 years ago

3. A politician makes the following argument: The economy would operate more efficiently if structural unemployment is completel

diamong [38]

Answer:

Agree with the statement.

Explanation:

Structural unemployment refers to the mismatch of the abilities of the workforce of the economy with the changing ability requirements demanded by the industries in the economy.

This mainly happens because of the new technological innovations and the obsolete education system in a country. One a new technology or a new innovation comes in, the knowledge and the experience possessed by the workers become obsolete.

To eliminate the structural unemployment, the education system, higher education system, professional education system and national employee training and development policies has to be changed and updated accordingly with the changing global market skills demand.

6 0

3 years ago