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cupoosta [38]
3 years ago
12

The balance in Allowance for Doubtful Accounts will directly impact the end-of-period adjustment for bad debt expense when using

the a. accrual method b. direct write-off method c. allowance method based on aging the receivables d. declining value method
Business
1 answer:
sergiy2304 [10]3 years ago
8 0

Answer:

<u>C</u>

Explanation:

Because in the aging method, you firstly calculate the aging of the items. And then, in the end of the period, you build the Allowance for Doubtful Accounts estimating the collections that are hard to get the amount of money.

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Amex Corporation invests excess cash to purchase $25,000 in corporate bonds on March 30, 2018. In addition to the $25,000, Amex
damaskus [11]

Answer:

b. a debit to Held-to-Maturity Debt Investments for $26,000

Explanation:

Investment in corporate bonds is considered as Held-to-Maturity Debt investments.

Date           Accounts Title and Explanation                Debit       Credit

30 Mar 18   Held-to-Maturity Debt investments          $26,000

                   [$25,000 + $1,000)

                           Cash                                                                     $26,000

                  (To record an investment in bonds)

Therefore, in the journal entry, it is debited to Held-to-Maturity Debt investments for $26,000

7 0
3 years ago
In 2006 Hewlett-Packard repurchased shares of common stock worth $5,241 million and made dividend payments of $894 million. Othe
Hunter-Best [27]

Answer:

B) Decreased $138 million

Explanation:

To determine the effects of long term debt accounts on HP's total cash flow form financing we can use the following formula:

HP's cash flow from financing = new shares issued - shares repurchased - dividend payments + cash flows related to long term debt account + income from other financing activities  

-$6,077 = $0 -$5,241 -$894 + X + $196

-$6,077 = -$5,939 + X

-$138 = X

HP's long term debt accounts decreased by $138

8 0
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Workplace communication can suffer when individuals
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Lack communication, ignorance, bad behavior
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As a manager, you review time and activity schedules, review procedures, and schedule in-services. These are part of: Choose one
olga nikolaevna [1]

Answer:

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This is because Planning involves the maintenance and organizational approach of achieving strategic objectives while controlling is the aspect of project which involves systematic effort by business management to compare performance to predetermined standards, plans, or objectives in order to determine whether performance is in line with these standards.

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Suppose Pepsi-Cola which includes Mount dew and several other sodas purchase Coca-Cola and cokes families of sodas to form one l
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The price of soda would go-nowhere-because that is SOOO unrealistic! But it would go down because the more you have of something the cheaper it is
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