Answer:
A. Lower prices can benefit the general economy.
Answer:
D : $600,000 loss
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
So,The net income or net loss would be
= Net income - research and development costs
= $2,400,000 - $3,000,000
= $600,000 loss
The answer is American Marketing Association. It is an expert relationship for promoting experts with 30,000 individuals starting at 2012. It has 76 proficient sections and 250 university parts over the United States. I hope the answer will help you. Feel free to ask more in brainly<span>. </span>
$4,535 amount should be debited to bad debt expense.
<h3>What is
bad debt expense?</h3>
When a receivable is no longer recoverable because a customer is unable to fulfill their responsibility to pay an outstanding debt owing to bankruptcy or other financial troubles, a bad debt expense is reported.
Big Store stops paying its debts and fails to reimburse Company XYZ for $100,000 in items. Because the company is not convinced that Big Store will ever pay, the $100,000 is classified as a bad debt.
Because it reduces the amount of an asset, in this case accounts receivable, an allowance for doubtful accounts is considered a "counter asset."
As the amount is not a liability, bad debts are an expense to the business.
To know more about bad debt expense follow the link:
brainly.com/question/18568784
#SPJ4
