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liberstina [14]
3 years ago
9

Under the aging of a company's accounts receivable, the uncollectible accounts are estimated to be $26,000. If the unadjusted ba

lance for the Allowance for Doubtful Accounts is $9,000 debit, what is the amount of bad debts expense for the year
Business
1 answer:
Mrrafil [7]3 years ago
3 0

Answer:

The amount of bad debt expense for the year is $35,000

Explanation:

Under the aging method, it refers to the method used for estimating the  accounts receivable amount  which is not yet collected or received by the company.

In this method, the estimated amount which will not be received or collected would be credited in the account Allowance for Doubtful Accounts.

So, in this case, the bad debt expense for the year is computed as:

Bad debt expense = Uncollectible accounts + Unadjusted balance of Allowance for Doubtful Accounts.

Bad debt expense = $26,000 + $9,000

Bad debt expense = $35,000

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Geothermal energy is an example of a natural resource. True or False<br> please help!!!
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Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. Ifit accepts a $1,000 cash
lyudmila [28]

Answer:

a.$900

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I hope my answer helps you.

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3 years ago
Economic theory​ is: A. the specification of a set of assumptions. B. a prediction about cause and effect. C. the development an
RSB [31]

Answer:

The answer is C. Development and use of model to test

hypotheses  

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5 0
3 years ago
Identify which of the following statements is true. a. A nonresident alien can be an S corporation shareholder. b. A partnership
sdas [7]

Answer:

a. A nonresident alien can be an S corporation shareholder. (However, generally, we can't see non resident aliens owning shares, but it is not illegal.)

c. An S corporation can have more than 100​ shareholders, since families are treated as a single shareholder.

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A nonresident alien is a person who is not a U.S. citizen and does not pass the green card or substantial presence tests used to determine tax status and citizenship. Foreign Students are a good example for this.

these non residents usually do not hold ownership in corporations.

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The option d is obviously wrong!

Option b is incorrect as well. Corporations and Partnerships can not own stake in S corporations.

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3 years ago
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