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VladimirAG [237]
4 years ago
14

Choose the correct statement(s) below regarding A. the direct write-off method for calculating bad debt expense. B. It is not no

rmally consistent with GAAP and accrual accounting. C. Its use tends to result in an overstatement of accounts receivable on the balance sheet. D. Under this method, bad debt expense is recognized when a specific account is determined to be uncollectible.
Business
1 answer:
masha68 [24]4 years ago
7 0

Answer: The correct answer is "B, C, and D".

Explanation: All of these are corrects statements regarding the direct write-off method for calculating bad debt expense.

  • This method is generally not consistent with GAAP and accrual accounting.
  • Using this method generally causes an over estimate of accounts receivable in the company's balance sheet.
  • One of the peculiarities of this method is that it only recognizes the expense for bad debts when a specific account is determined uncollectible.
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mariarad [96]

Answer:

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Explanation:

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3 years ago
The stock of computers, factory buildings, and machine tools used to produce goods is known as __________.
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4 years ago
A big mining company wants to open a mine . The social costs are greater than the social benefits. Should the company carry on w
Oduvanchick [21]

Answer: They should not

Explanation:

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When using the Social Cost Benefit Analysis, one should not pick a project that has a higher social cost than social benefit because it would lead to a social loss. In order words, the project would cost society more than society would benefit from it so there is no need to embark on such a project.

7 0
3 years ago
Using the ______ approach to expatriate compensation, the organization continues to pay the individual at a rate equivalent to t
vodomira [7]

Answer:

Balance sheet approach

Explanation:

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It is to be used for set the compensation for the people who live outside their native country that we called expatriate. Its motive to protect the purchasing power while on the duty

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4 years ago
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3 years ago
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