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Sergeeva-Olga [200]
3 years ago
6

he direct write-off method of accounting for uncollectible accounts a. emphasizes the matching of expenses with revenues. b. emp

hasizes balance sheet relationships. c. emphasizes cash realizable value. d. is not generally accepted as a basis for estimating bad debts.
Business
1 answer:
kolezko [41]3 years ago
7 0

The direct write-off method of accounting for uncollectible accounts

<u>d. is not generally accepted as a basis for estimating bad debts.</u>

Explanation:

  • A method for recognizing bad debts expense arising from credit sales. Under this method there is no allowance account.
  • Rather, an account receivable is written-off directly to expense only after the account is determined to be uncollectible.
  • One method of recording the bad debts is referred to as the direct write off method which involves removing the specific uncollectible amount from accounts receivable and recording this as a bed debt expense in the income statement of the business.
  • The mechanics of the allowance method are that the initial entry is a debit to bad debt expense and a credit to the allowance for doubtful accounts (which increases the reserve).
  • The allowance is a contra account, which means that it is paired with and offsets the accounts receivable account
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The answer is A. corporate social responsibility

Explanation:

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Answer:

The correct answer is a) distributional.

Explanation:

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3 years ago
Boyle Company makes fine jewelry that it sells to department stores throughout the United States. Boyle is trying to decide whic
Ksivusya [100]

Answer:

Explanation:

a)

Fixed Costs of Bracelet A

Advertising Costs   5,000$                                      

Annual depreciation 5,000$                                      

Total Fixed Costs   10,000$                

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b)

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Cost of labor per unit $15

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c) Avoidable costs

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Cost of labor per unit $ 15

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In 2016, a grandfather gave a life estate to his grandson and a remainder interest to his granddaughter. Each interest is valued
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What is the relationship between a non-callable, option-free fixed rate bond's price and its yield?
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Answer:

The relationship is that the price for these types of bonds is lower as the Yield is fixed and do not change over time.

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