Answer:
The ending balance in the Allowance for Bad Debts is $29,000
Explanation:
The computation of the ending balance in the Allowance for Bad debts is shown below:
= Estimation of the uncollectible accounts
= $29,000
As for calculating the bad debts expense, the business organization has to do an estimate based on this, the company could create the allowance for bad debts.
The other information which is given in the question is not relevant. Hence, ignored it
Answer:
D. Structurally unemployed
Explanation:
Structural unemployment is a type of involuntary unemployment. It is when a person cannot get a job because there's no job available that matches the skills the person possesses.
Seasonal unemployment is when Labour is unemployed during particular seasons.
Cyclical unemployment is when unemployment rises when there's a downturn of the economy and falls when there's a boom.
Frictional unemployment occurs when Labour is moving from one job to another.
I hope my answer helps you
Answer: The effect will be that the results will be distorted by registering a gain in the incorrect period, since 3 months correspond to the current year, from October-December and the rest corresponds from January-March of the following year.
The correct way to record these 3 months is as a liability (deferred income) when the income is realized they are taken to the income statement.
Answer:
b
Explanation:
by definition, disseminate means to distribute or broadcast information
