Answer:
The bad debts expense for 2015 would be $ 28,000
Explanation:
The balance of the allowance for doubtful account should be equal to the amount estimated to be uncollectible based on the ageing analysis
Estimated uncollectible account $ 31,000
Allowance for doubtful accounts prior to adjustment <u>$ 3,000</u>
Bad debts expense for the year to be recorded <u> $ 28,000</u>
The accounting entry to record this is as follows:
Bad debts expense Debit $ 28,000
Allowance for uncollectible accounts Credit $ 28,000
Answer:
Explanation:
Given
Probability of a person to not enter into a bar or ducking is 
Probability of a person to enter into a bar
(Probability of a person to not enter into a bar or ducking)
Substituting the given value, we get
Probability of a person to enter into a bar
Total three men attempts to enter into the bar and their course of action is independent of each others
Thus, probability of observing the first two walking into the bar and the third ducking will be equal to the product of individual probabilities
1. Amount of bond liability Balance Sheet
2. Description of bond liability. Footnotes
3. Interest rates associated with bond issuances. Balance sheet
4. Interest paid for the period. Profit and Loss Account
5. Maturity dates associated with bond issuances. Balance sheet.
6. Cash interest paid during the period. cash flow statement.
A balance sheet (also known as a balance sheet or management report) is a personal Or a summary of the organization's financial balance. commercial entity.
Assets, liabilities, and equity are listed as of a specific date (such as the end of the fiscal year). A balance sheet is often referred to as a "snapshot of a company's financial position." of the four basic degrees.
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D and A.
The reasoning is because if they are making a cake then they may use flour, and they may have to clean up their mess afterwards.
Answer:
$1,080,000 asset
Explanation:
Net deferred income taxes = Unused plant facilities disposed * Tax rate = $3,600,000 * 30% = $1,080,000 asset
Therefore, $1,080,000 should be reported as net deferred income taxes on Krause's balance sheet at December 31, 2018.
