well there is 10 key elements of a compensation package which are..
base salary
annual/ quarterly bonus
other bonus
stock options
stock units
401k contribution
health and wellness
life and accident insurance
other insurance
perks
Answer: The amount of bad debt expense the company would record would be $3,470.
Explanation: Bad debt expense is an estimate of accounts receivable that is deemed as uncollectible while allowance for doubtful accounts is a balance sheet allowance account that warehouses the total balance of accounts receivable that is deemed irrecoverable.
In this scenario, Simple Co. estimated, using the aging method, that the allowance for doubtful accounts is $3,800. However, it had a credit balance of $330 in the same account. The reinstate the allowance account to $3,800, $3,470 has to be adjusted for by debiting bad debt expense and crediting allowance for doubtful account.
<h2>Direct to the maintenance department</h2>
Explanation:
Jane here works only in the Maintenance department. The work that he does supports both Production as well as Research. We can calculate the expenses, only by associating the department of the employee.
So, the wages should be directly associated to the maintenance department only.
We cannot add one cost to multiple department and it is not the right approach of accounting system. So the below becomes invalid.
<em>Indirect to the production department Direct to the research department Direct to the production department Indirect to the research department</em>
Writes in their own language as used colloquially.
Answer:
The correct answer is True.
Explanation:
In the context of the audit of financial statements, fraud consists of recording intentional errors in the financial statements. The two main fraud categories are: fraudulent financial reports and asset misappropriation.
Fraudulent financial reports are characterized by containing errors or intentional omissions in the amounts with the intention of deceiving users. Most cases of fraudulent financial reports overestimate assets and income or omit financial liabilities and expenses to show higher income.
