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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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No trespassing signs are an example of owners enforcing their right to
Ilia_Sergeevich [38]

Answer:

I guess the ans is their right to exclude people from your property.

4 0
3 years ago
I wanna see how quick ya'll answer. Tell me if your answer quickly only because of the points if not the points give me another
enyata [817]

Answer:

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Explanation:

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8 0
3 years ago
Read 2 more answers
or each of the following items, indicate to which major group of the CPI the item belongs: a. Tuition payments to your universit
sergiy2304 [10]

Answer:

a. education; b. housing; c. transportation; d. food and beverages; e. recreation; f. medical care

Explanation:

CPI or consumer price index represents the costs of basket of goods and services across the country on monthly basis and includes the following categories:

  1. housing
  2. apparel
  3. transportation
  4. education and communication
  5. other goods and services
  6. recreation
  7. medical care
  8. food and beverages

a. Education

b. housing

c. transportation

d. food and beverages

e. recreation

f. medical care

5 0
3 years ago
30 POINTS FOR BEST ANSWER!!!!
pochemuha
I'd definitely use paper products. Firstly they are less expensive than other types. Secondly it would save my factory money. According to usi.edu the construction costs of paper mills designed to use wasted paper is "<span>50 to 80% less than the </span>cost<span> of </span>a <span>mill using new pulp." Thirdly it is renewable because I could plant trees after I cut some down for my factory. </span>
6 0
3 years ago
On December 29, 2005, BJ Co. sold an equity security investment that had been purchased on January 4, 2004. BJ owned no other ma
sineoko [7]

Answer:

AFS 2004 market price decline exceeded 2005 market price recovery

No No

The security cannot be classified as available-for-sale because the unrealized gains and losses are recognized in the Income Statement. Unrealized gains and losses on available-for-sale securities are recognized in owners' equity, not earnings.

The second part of the question is somewhat ambiguous. The 2004 price decline could exceed or be exceeded by the 2005 price recovery. The loss in the first year is not related in amount and does not constrain the realized gain in the second year.

The way to answer the question is to read the right column heading as implying that the earlier price decline must exceed the later price recovery. With that interpretation, the correct answer is no.

For example, assume a cost of $10 and a market value of $4 at the end of the first year. An unrealized loss of $6 is recognized in earnings. During the second year, the security is sold for $12. A realized gain of $8 is recognized-the increase in the market value from the end of the first year to the sale in the second year. Thus, the market decline in the first year did not exceed the recovery in year two. (It could have exceeded the recovery in year two but there is no requirement that it must.)

Explanation:

3 0
3 years ago
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