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dusya [7]
3 years ago
15

Under the allowance method, when a year-end adjustment is made for estimated uncollectible accounts A. Liabilities decrease.B. N

et Income is unchanged.C. Total Assets are unchanged.D. Total Assets decrease
Business
1 answer:
liubo4ka [24]3 years ago
4 0

Answer:

D. Total Assets decrease

Explanation:

When the company estimates and record the adjusting entry at the end of the accounting period, the entry is registered in the income statement account's Bad Debts Expense and a credit in the asset's account Allowance for Doubtful Accounts, the impact involve the Current Assets and the Income Statement.

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Nirav, Samantha, and Nev want to incorporate their small skateboard business. To do so, they must file legal documents with the
Sophie [7]

Based on the fact that the legal documents in question are to be used to incorporate the skateboard business, these are<u> Articles of Incorporation. </u>

<h3>What are Articles of Incorporation?</h3>

When a company needs to be created and registered with the government, it will need to supply certain documents that lead to its creation.

These are the Articles of Incorporation which serve as proof that a company has been registered / incorporated in a certain state.

Find out more on Articles of Incorporation at brainly.com/question/1198900.

5 0
2 years ago
Peter pine is doing his budget. he discovers that he has spent an average of $225.00 a month on entertainment for the year with
Olin [163]

The z for $60.00 = -2.2

The percent of area associated with $60.00 = 48.6%

The z for $390.00 = 2.2

The percent of area associated with $390.00 = 48.6%

Adding the two percentages together, Peter calculates his answer to be: 97.2%

6 0
3 years ago
Neutronics makes four different models of gas identifiers. Next year, the company anticipates total overhead costs of $2.5 milli
PSYCHO15rus [73]

Answer:

$33.33

Explanation:

The computation of the  predetermined overhead rate is shown below: In this question, we have to apply the formula that is presented below:

Predetermined overhead rate = (Total estimated overhead) ÷ (estimated direct labor-hours)

= $2,500,000 ÷ 75,000 direct labors hours

= $33.33

Simply we divide the anticipates total overhead by the anticipated direct labor hours

4 0
3 years ago
"what is the most common reason that a ceo is terminated"
nikdorinn [45]
<span>The most common reason why a CEO was terminated is for mismanaging change in the company. Also CEOs got fired for ignoring the needs of the customers. Sometimes also not doing enough action for the company leads to the CEO to force resign. </span>
7 0
3 years ago
A loan requires that the 8% interest be compounded quarterly for 4 years. Find the number of compounding periods
EastWind [94]

Answer:

16

Explanation:

Compounding periods are the number of times interest is paid to an investment per year. For example, annual compounding means that interest will be paid once a year hence compounding period would be 1.

If semiannualIy, interest would be paid twice a year hence 2 compounding periods per year. In this case, quarterly compounding means that interest payment occur every 3 months hence 4 quarters a year.

In 4 years, total compounding periods would be; 4 *4 = 16 periods.

7 0
4 years ago
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