True explanation: one you have bought insurance you are insured to a house life plan etc, they company you bought the insurance from is the insurer because they are giving you the insurance
Answer:
Bad Debts (Dr.) $18,000
Allowance for Doubtful Accounts (Cr.) $18,000
Explanation:
When the management expects that it will not be able to collect a certain amount of receivable, it records Bad Debts in the Profit or Loss and a Credit entry to it is charged to contra-asset account known as "Allowance for Doubtful Accounts". It should be kept in mind that, at this stage it is only the expectation of management that the receivable from customers will not be collected. When the management is certain about the default of customer, it write-offs the Receivables. This is done by debiting Allowance for Doubtful Account and crediting Accounts Receivables. Write-off has no impact on the Net Realizable Value (Accounts Receivables - Allowance for Doubtful Account).
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Based on the basis of the distributions and Sutton's basis in the partnership, the amount of taxable distributions to Sutton is $0.
<h3 /><h3>How much of the distributions can be taxed?</h3>
The distributions can only be taxed if they exceed Sutton's basis in the partnership of $90,000.
As neither the cash distribution nor the building, have enough to surpass Sutton's basis, the taxable distributions will be $0.
Find out more on taxable distributions at brainly.com/question/26474690.
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Answer:
A. always increase with output.
Explanation:
There are basically 2 groups of cost namely; Fixed and variable cost.
The fixed cost are usually like sunk cost that will be incurred irrespective of how many units are produced.
Total variable costs refers to all elements of cost that vary proportionately with the level of activities or output. A good example is the direct material cost.
It is the total of the marginal cost over the units produced. The right answer is A. always increase with output.
Answer:
Business
Explanation:
The extensive use of data and quantitative analysis to support fact-based decision making within organizations.
