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3 years ago

6

In the United States, many local communities provide public libraries and parks. This is an example of a local government fullin

g which purpose of government?
A. public services
B. conflict resolution
C. order
D. protection

2 answers:

Elena-2011 [213]3 years ago

7 0

A.) is your answer I do believe

Verdich [7]3 years ago

5 0

The answer to your question is A.
Hoped I helped!

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An aging of Bicycle Company's accounts receivable indicates that $20,000 is estimated to be uncollectible. If Allowance for Doub

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Answer:

The adjustment to record bad debts for the period will be:

Debit Bad debt expense ($20,000 - $3,000) $17,000

Credit Allowance for doubtful accounts $17,000

<em>(Bad debt expense required)</em>

Explanation:

Bicylce Company adopts the aging of accounts receivable method. The aging of accounts receivable is a criterion for apportioning the balance in the accounts receivable into different buckets (aging), for example: Not due, 1 - 30 days, 30 - 60 days, over 60 days, based on historical information and assigning a credit loss percentage to each bucket.

Since the Allowance for Doubtful Accounts has a $3,000 credit, to calculate the required bad debt expense, we need to back out this amount from the amount that is deemed uncollectible, that is $20,000 - $3,000 = $17,000.

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3 years ago

Which entry records the investment of cash by John, owner of a sole proprietorship?

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The answer is: D - Debit Cash; credit John, Capital.

Explanation:

The entry records the investment of cash by John, owner of a sole proprietorship is: Debit Cash; credit John, Capital.

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4 years ago

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3 years ago

Bluestone Company had three intangible assets at the end of the current year: a. A patent purchased this year from Miller Co. on

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Answer:

Acquisition cost

a. Patent: $6,000

b. Trademark: $4,000

c. Computer licensing rights: $42,000

2. Amortization for current year

a. Patent: $500

Annual Amortization charge = Cost / Estimated life = $6,000 / 12 = $500

b. Trademark: $0. Since it has an indefinite life.

c. Computer licensing rights: $7,000

Annual Amortization charge = Cost / Useful life = $42,000 / 6 = $7,000

3. Balance Sheet (Partial)

Assets

Intangible Assets=$44,500

($6,000 + $4,000 + $42,000 - $500 - $7,000)

Income Statement (Partial)

Under Continuing operations

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3 years ago