Answer:
Uncollectible account expense $8,600
Explanation:
The computation of the amount as the Uncollectible Accounts Expense on its Year 2 income statement is given below:
Allowance account - Beg year 2 $3,600 Credit
Written off account $6,600 Debited by
Unadjusted balance in Allowance account $3000 Debit
Adjusted balance required in Allowance account $5,600 Credit
Uncollectible account expense $8,600
I think the answer you're looking for is 'D' if you're asking what productivity is in a generalized sense.
The amounts for recording properties and services purchased by a business are determined using the cost concept.
<h3>Which principle determines the amount initially entered into the records for purchases?</h3>
A principle of accounting establishes the initial amount entered for purchases in the accounting records. According to the cost idea of accounting, all purchases of items (such as assets or items required for spending) should be recorded and kept in books at their original cost. Therefore, unless specifically indicated differently, it should be understood that an asset's value on a balance sheet represents its cost. Let's use the case of a company that pays cash or bank for a building worth $200,000. The worth of the building will be recorded in the accounting records using the cost concept of accounting, which equals $2,000,000. After four years, the building's worth increased to $1,000,000.
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Answer:
The types of information could you collect to monitor potential political “trouble spots” around the world involves having a keen observation of various countries with the following:
1. Communism or Totalitarianism style of governance
2. Low General Standard of Living
3. Few Resource level and control of resources by the few such as Oligarchy
4. High unemployment rate
5. Low Literacy status
6. High Inflation rate
7. Political instability
8. Increased population expansion rate
9. Wide-ranged income unevenness