Answer:
the adjustment for estimated uncollectible accounts will require
b. Debit to Bad Debt Expense for $10,000.
Explanation:
There are two primary methods for estimating bad-debt expense. The first is an income-statement approach that measures bad debt as a percentage of sales.
Accout receivable at the end_ 80000
Credit sales_______________400000
Estimate________________ 2,50%
Debit bas debt expense______10000
Answer:
Harley-Davidson has become a cult
Explanation:
A cult is a self-identified group of people that share a passion or an interest. When a brand becomes a cult brand, it has achieved the highest level of emotional connection to its consumers.
Answer:
YOUR ANSWER WOULD BE 3. THERE IS NO GOLD SANDARD BACKING THE BILL.
Explanation:
IT MAKES THE MOST SENSE OUT OF ALL OF THEM
Answer:
Assets= liabilities + equity
Answer:
determine cash investing and financing transactions made during the period.
Explanation:
When you analyze the statement of cash flows, you can determine and predict how will operating cash flows be in the future. E.g. a project is generating high amounts of cash, so you can predict that it will continue to do so for some time. But what you cannot predict or even compare is related to the financial and investing transactions that the company will make in the future. E.g. by analyzing a cash flow you cannot know if the company will decide to invest in other projects or will it decide to issue more stocks.