The expense recognition (matching) principle, as applied to bad debts, requires: the use of the direct write-off method for bad debts.
The matching principle is aa basic guideline in accounting. This principle is used to determine where debts need to go when accrual journals and adjusting entries are being made for a companies reports. The direct write-off method where a company immediately charges off bad debt from sales revenue.
Horizontal analysis is used to identify trends overtime.
Horizontal analysis is also referred to as trend analysis. It is a situation whereby there is a comparison of financial statements to show performance over a given time period.
It helps by spotting financial trends over a specific period of time. The analysis is done horizontally over time periods unlike the vertical that is done vertically on the columns.
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Answer:
a. $3,400
b. $0
Explanation:
As we know
Total assets = Total liabilities + owners equity
a. In the first case
The shareholder equity would be
= Total assets - total liabilities
= $10,800 - $7,400
= $3,400
b. In the first case, the shareholder equity would be zero as it should not be negative. The negative value would be
= Total assets - total liabilities
= $6,500 - $7,400
= -$900
So it would be zero
Answer: floral arrangements on February 14th, Supply shifts left. Supply shifts right, No shift in the supply curve,.
Explanation:
<span>The display of authority by the manager can hinder the organization growth further. The manger has to understand the interdependency and cordialness of the team members which would help him solve complex situations. It seems that Connie and her staff are not on right track to prevent any mishap. A good interactive middle management team would be more helpful than a top down scenario.</span>