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Phoenix [80]
3 years ago
6

Events that occur after the December 31, 2021 balance sheet date, but before the balance sheet is issued, and provide additional

evidence about conditions that existed at the balance sheet date and affect the realizability of accounts receivable should be
a. discussed only in the MD&A (Management's Discussion and Analysis) section of the
annual report.
b. disclosed only in the Notes to the Financial Statements.
c. used to record an adjustment to Bad Debt Expense for the year ending December 31,
2013
d. used to record an adjustment directly to the Retained Earnings account
Business
1 answer:
Natalija [7]3 years ago
3 0

the realizability of accounts receivable should be

c. used to record an adjustment to Bad Debt Expense for the year ending December 31,

2013

Explanation:

  • Events that occur after the December 31, 2021 balance sheet date, but before the balance sheet is issued, and provide additional evidence about conditions that existed at the balance sheet date and affect the realizability of accounts receivable should be
  • c. used to record an adjustment to Bad Debt Expense for the year ending December 31,  2013
  • An example of accounts receivable includes an electric company that give bills to its clients after the clients have received the electricity.
  • Accounts receivable are legally acceptable that claims for payment done by a business for goods supplies or services rendered that customers/clients have ordered but not paid for it.

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Use the minimax method to find all of the pure-startegy Nash equilibria for the following zero-sum games. Then, check your answe
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3 years ago
One form of IDS starts operation by generating an alert for every action. Over time, the administrator adjusts the setting of th
statuscvo [17]

Answer:

The term IDS refers to a system that listens to network traffic to detect abnormal or suspicious activities, and thus reduce the risk of intrusion.

Explanation:

Its advantages are

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•They are independent of the mobile platform by the different teams in the network.

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-They can behave as if they were invisible to attackers.

Its disadvantages are

•They are ineffective in systems with encrypted traffic.

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3 0
3 years ago
In November 2009, Perrigo Co. (PRGO) had a share price of $39.20. They had 191.33 million shares outstanding, a market-to-book r
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Answer:

$0.86

Explanation:

Earnings per Share = Earnings attributable to holders of Common Stock ÷ Weighted Number of Common Stocks Outstanding.

where,

Earnings attributable to holders of Common Stock = $163.82 million

and,

Weighted Number of Common Stocks Outstanding = 191.33 million

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7 0
2 years ago
Shamrock Corp. has a deferred tax asset account with a balance of $76,000 at the end of 2019 due to a single cumulative temporar
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Answer:

a.                                              Debit             Credit

deferred income taxes         $5,400

Income tax expense             $155,600            

                        Income tax payable           $161,000

b. No valuation account related to the deferred tax asset is in existence at the end of 2019, therefore no record should be make

Explanation:

a. In order to record the income tax expense, deferred income taxes, and income taxes payable for 2017 we would have to make the following calculations as follows:

deferred income taxes=($407,000×20%)-$76,000

deferred income taxes=$5,400

Income tax payable=$805,000×20%

Income tax payable=$161,000

Income tax expense=$161,000-$5,400

Income tax expense=$155,600

Therefore, the record of  income tax expense, deferred income taxes, and income taxes payable for 2017, assuming that it is more likely than not that the deferred tax asset will be realized in full would be as follows:

                                               Debit             Credit

deferred income taxes         $5,400

Income tax expense             $155,600            

                        Income tax payable           $161,000

b. No valuation account related to the deferred tax asset is in existence at the end of 2019, therefore no record should be make

6 0
3 years ago
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3 years ago
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