Saying that money is indivisible is false. As long as its not a penny, money can be divided down to the last cent
Answer:
assets on the balance sheet.
Explanation:
Reserves are percentages of deposits that are required for depository institutions to keep to meet unforeseen contingency. they are usually kept in bank vaults
they are assets and they cannot be lent out
Answer:
Debit Accounts Receivable, credit Allowance for Doubtful Accounts.
Explanation:
To record the collection of accounts receivable previously written off when using the allowance method, the first step is to debit Accounts Receivable, and then credit Allowance for Doubtful Accounts. This purpose of this to reverse the already written off amount.
The next step after that is to complete the entries by debiting Cash, and crediting the Accounts Receivable to record the cash collection in respect of previously written off accounts receivable.
About 750 billion,
$210 billion in unnecessary services and $190 billion in excess admin cost, $130 billion in inefficient delivery care $150 billion in inflated prices, and $75 billion in fraud and $55 billion in inflated prices.
