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olya-2409 [2.1K]
3 years ago
10

The most effective audit procedure for determining the collectibility of an account receivable is the

Business
1 answer:
Schach [20]3 years ago
4 0

The utmost effective audit procedure for determining the collectability of an account receivable is the, review of the subsequent cash collections. Reviewing the subsequent cash collections speeds up the audit procedure to determine the collectability of an account receivable.

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With respect to how economists study the economy, which of the following statements is most accurate? a) Economists study the pa
vampirchik [111]

Answer:

Option (c) is correct.

Explanation:

Economists refers to the people who are doing research, analyzing data and measure the qualitative activities in terms of money.

For research perspective, one should have proper knowledge about the research problem that he or she need to address in his or her research. Then he should collect the reliable and accurate data for the analysis. Data is very important for a particular research study.

Once the data is ready to analyze then the economists run the data and interpret the results.

5 0
3 years ago
On January 1, Wei company begins the accounting period with a $45,000 credit balance in allowance for doubtful accounts. a. On F
GrogVix [38]

Answer:

The Journal entry and their narrations is shown below:-

Explanation:

1. Allowance for doubtful accounts Dr,      $9,800  

      To Account receivable-Oakley Co.  $2,400

       To Account receivable-Brookes Co.            $7,400

(Being write off is recorded)

2. Account receivable-Oakley Co. Dr,          $2,400  

           To Allowance for doubtful accounts       $2,400

(Being amount reinstated is recorded)  

3. Cash Dr,                                                      $2,400  

      To  Account receivable-Oakley Co.   $2,400

(Being cash received is recorded)  

7 0
3 years ago
Read 2 more answers
The narrowest definition of the money supply (M1) includes:
fenix001 [56]

Answer:

c. cash, checking account balances, and travelers' checks.

Explanation:

Money Supply is the concept that means the amount of the liquid financial products and total currency in the market or economy. It is regulated the macro-economically by the monetary policy. So, there are types of measures of money supply or stock:

-M0: narrowly, it means the hard currency in circulation

-MB: it equals M0+ the hard currency which are not technically in circulation and in bank reserves.

-M1: it is the most common one and equals M0 plus checking accounts plus travelers’ checks and other checkable deposits.

-M2: covers M1 and saving accounts and CDs.

-M3: it surrounds the larger deposits.

-MZM: finally, this indicates the money market deposits.

That’s why we could notice that M1 narrowly means the cash, checking account and travelers’ checks.

5 0
3 years ago
The purpose of reporting Current Maturities of Long-Term debt is to: a. report any portion of a long-term borrowing that is to b
Ket [755]

Answer:

Correct option is (d)

Explanation:

Current liabilities are part of obligations of the organization that it needs to meet within one year. Current maturities of long term debt represents that part of long term debt such a bonds or loans that need to be paid of in the current financial year.

It is shown as a separate item in the balance sheet as it is paid off using highly liquid asset such as cash.

5 0
3 years ago
Constitutive rules __________. Group of answer choices
Zepler [3.9K]

Answer:

3. interaction are examples of phatic communication are

Explanation:

  • Consequantive riles indicate the appropriate behavior in a given context and that are used to interest and understand and the rules and the meanings of the message.
8 0
3 years ago
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