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stich3 [128]
3 years ago
9

Establishing an Allowance for Doubtful Accounts under the allowance method is necessary because a. uncollectible accounts that a

re written off must be accumulated in a separate account. b. collection agencies use this account to accumulate attempts to collect worthless balances. c. estimates must be made when recording bad debt expense and it is not possible to know which specific accounts will not be collected. d. a liability results when a credit sale is made.
Business
1 answer:
faltersainse [42]3 years ago
6 0

Answer: Establishing an Allowance for Doubtful Accounts under the allowance method is necessary <u><em>because estimates must be made when recording bad debt expense and it is not possible to know which specific accounts will not be collected.</em></u>

Allowance for doubtful accounts is a diminution of accounts receivable and is recorded as a write-off straightaway beneath accounts receivable that is appearing on a organization balance sheet.

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Answer:

Depreciation Expense for 2019 using form 4562

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2,000 ; 5 years ; HY ; 200 DB ; 400

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Accelerated method of depreciation is used by businesses for accounting and income tax purposes. The depreciation is calculated in such a way that the depreciation expense is higher in early years and lower in later years. Pepe is also using this method to account for his business assets. The depreciation expense for computer equipment and manufacturing equipment's totals $6,973.

8 0
3 years ago
Frank is an employee of Guitar Makers, LLC. Guitar's employee manual states that workers, such as Frank, will be dismissed only
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Answer:

Contract theory

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Contract theory -

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The correct answer is Contract theory .

4 0
3 years ago
Oann and mark, a white american couple, are planning to purchase a home in the next year or so. they approve of residential inte
BaLLatris [955]
Hmmm not sure exactly what you are asking the wording is strange but this seems to be showing Racism towards blacks.
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Colt1911 [192]

Answer: my reaction would probably not be good

Explanation:

8 0
3 years ago
Select the correct answer from each drop-down menu.
QveST [7]

Answer:

government's  policy.

Explanation:

Govenment policies on tax decide what to tax and where to allocate the resources of the tax.

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