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marissa [1.9K]
3 years ago
12

Under bad debt accounting, when an account is written off

Business
1 answer:
ankoles [38]3 years ago
5 0
Bad debts are treated as expenses to a business
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Who do yall want president let me know i choose biden..
Sladkaya [172]

Answer:

TRUMP MAKE AMERICA GREAT AGAIN !!!!!!!!!

Explanation:

8 0
3 years ago
On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows:
Solnce55 [7]

Answer:

The equity for this firm is $32,540

Explanation:

<u>Using the accounting equation we can solve for the equity:</u>

assets = Liabilities + Equity

Equity = Assets - Liabilities

Now, we need to determiante the totals for assets and liabilities and sovle for equity:

Cash              31,800

Supplies             740

Equipment  <u>    11,300   </u>

Total Assets  43,840

Liabilities      11,300

Equity = 43,840 - 11,300 = <em>32,540</em>

4 0
3 years ago
Based on an annual disposable income of $40,000, calculate the average amount o money a person would save in japan; in the unite
Gekata [30.6K]

Answer:

Japan     $760

The United States     $1,600

France          $6,320

Explanation:

Total personal revenue is the disposable income less personal taxes. Employee earnings minus employee actual taxes in terms of national reports reflect net established income.

The household saving rate is specified as total saving divided by disposable income.

Household saving = Disposable income * Households saving rate

Japan:

$40,000*1.9% = $760

United States :

$40,000*4% = $1,600

France :

$40,000*15.8% = $6,320

7 0
4 years ago
Question 4 (multiple choice)
Arturiano [62]
I believe the answer is "D."
6 0
4 years ago
Read 2 more answers
During its first year of operations, mario lupo formed lupo company as a corporation and personally invested $15,000 in the busi
SpyIntel [72]

Total equity of the company is the amount of invested plus the income generated during the year. If any dividend is paid during the year, the amount of dividend is subtracted before arriving at the ending shareholders’ equity.

Ending shareholders’ equity = Amount invested + Net Income – Dividend

= $15000 + ($35000- $23000) - $2000

= $27000

Therefore, shareholders’ equity balance would be $27,000.

6 0
3 years ago
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