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Rom4ik [11]
2 years ago
11

When using the allowance​ method, the​ write-off of a receivable​ ________. A. involves a​ contra-revenue account B. affects the

net realizable value of accounts receivable C. decreases net income D. reduces the amount of the Allowance for Bad Debts account
Social Studies
1 answer:
MrRa [10]2 years ago
8 0

Answer:

B- affects the net realizable value of accounts receivable

Explanation:

The mechanics of the allowance method are that the initial entry is a debit to bad debt expense and a credit to the allowance for doubtful accounts (which increases the reserve). The allowance is a contra account, which means that it is paired with and offsets the accounts receivable account. When a specific bad debt is identified, the allowance for doubtful accounts is debited (which reduces the reserve) and the accounts receivable account is credited (which reduces the receivable asset). If a customer subsequently pays an invoice that has already been written off, then the process is reversed to increase both the allowance and the accounts receivable account, after which the cash account is debited to increase the cash balance and the accounts receivable account is credited to reduce the receivable asset.

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Who was the very first president in 1900?
FrozenT [24]

Answer:

William McKinley

Explanation: He was the 25th President of the United States, serving from March 4, 1897, until his assassination on September 14, 1901, after leading the nation to victory in the Spanish-American War and raising protective tariffs to promote American industry.

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2 years ago
How to study for a social studies test 6th grade?
BlackZzzverrR [31]
Honestly that strategy is up to you. Do whatever makes you most comfortable and helps you remember easily. Ideas however: things like flash cards. Maybe take notes on what you've learned and rewrite them multiple times. Have your friends quiz you and if you get something wrong, write it down and repeat until you remember it better. (Quiz less on questions you know the answer to, and more on what you don't know) Maybe ask if you can have a practice test? If your teacher offers that it's a good chance for useful notes. Also don't be afraid to ask your teacher for studying help. Good luck
3 0
3 years ago
Read 2 more answers
List the two main categories of state tax revenue​
Ber [7]

Answer:

Explanation:

State & Local Revenue

Taxes represent the largest single source of revenue for state and local governments. Additional sources of state and local government revenue include intergovernmental transfers from the federal government, or from state to local governments, selective sales taxes, and direct charges for utilities, licenses, or entities such as higher education institutions and insurance trusts. For the 20 years, 1996-2015 state and local governments derived approximately 45 percent of revenues from taxes, 18 percent of revenues from the federal government, and approximately 25 percent from service and utility charges.

State and local governments collect tax revenues from three primary sources: income, sales, and property taxes. Income and sales taxes make up the majority of combined state tax revenue, while property taxes are the largest source of tax revenue for local governments, including school districts. Tax revenues fluctuate in response to changes in economic conditions and tax policies.  

For the past 20 years, property taxes have accounted for approximately 31 percent of all state and local government tax revenue, with sales and income taxes each accounting for approximately one-quarter of total revenues. Other levies, which includes selective sales taxes, such as for alcohol and tobacco, and licenses, such as for hunting and motor vehicle operation, account for nearly 18 percent. These percentages may be different for a given year within the period. Property taxes are the most volatile, ranging from 25 percent to nearly 57 percent, and sales taxes are the least volatile, ranging from 21 percent to 35 percent. Income taxes ranged from 21.5 percent to 44 percent.

3 0
3 years ago
How did the Atlantic revolutions influence subsequent movements that spread throughout Europe in the nineteenth century? All wer
Kruka [31]

Answer:

Option A

All were focused on republicanism and social uniformity.

Explanation:

  • They spread broadly the goals of progressivism, republicanism, the topple of nobilities, lords and built up temples.  
  • They stressed the widespread standards of the Enlightenment, for example, the uniformity everything being equal, including equivalent equity under law by uninvolved courts rather than specific equity passed on at the impulse of a neighborhood honorable.
  • They demonstrated that the cutting edge thought of insurgency, of beginning crisp with a profoundly new government, could really work by and by. Progressive mindsets were conceived and keep on thriving to the present day
5 0
3 years ago
What were the strengths and weaknesses of Mughal rule? What was the Mughal policy towards religious accommodation? How did it ch
USPshnik [31]

The policies of the empire , The religious tolerance during the reign of Akbar , the strong and disciplined army , Advanced war tactics are the strengths. Only weakness in mughal empire is the thirst for the throne and power.

Explanation:

Mughal empire ruled India over three centuries. Babur, Akbar, Humayun, Shahjahan and Aurangzeb, were all mighty and ambitious rulers. Mughal Military strength  was superior in the world. Aurangzeb was the most fierce ruler who killed his own brother and succeeded the throne. His aim was to convert the entire India into an Islamic country. But until Aurangzeb, other rulers were greatly tolerant towards Hindus. Mughal art and architecture flourished, Religious tolerance were at its peak during the mughal period.

The main reason of fall of the mighty Mughal empire was the bloody war of succession that completely exhausted its potency level. Marathas were the courageous warriors who under the leadership of Shivaji The great, were powerful in fighting against the mughal soldiers and thereby marked the fall of mughals. After which it was British who ruled India until 1947.

7 0
3 years ago
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