Answer:
C) Overstating or understating allowances and reversing amounts in the future to smooth out net income over time.
Explanation:
Cookie jar reserve is defined as an accounting practice by businesses where the profit a company makes from successful years are reserved to cover up for years with losses. It balances losses from unsuccessful years.
Investors are led to believe that losses in bad years are less than they actually are.
For example not allocating an expense to a particular accounting year but instead allocating it to a year when the company made profits.
In essence it is overstating or understating allowances and reversing amounts in the future to smooth out net income over time.
<span>
the manufacturer of this brand decided to use television advertising to
inform and persuade girls about this line of products. the manufacturer
of this line of products used an advertising agency to assist in
developing the commercial so that it would com</span>
Answer:
B. the production manager
Explanation:
production manager is the person mostly responsible for thr direct labor efficiency variance.
I would say "B. Who is the enemy?" , because of its generalization and vagueness. I recommend looking deeper into the definitions, but who is the enemy is definitely my choice.
Answer:
$1,700,000
Explanation:
The computation of the NET accounts receivable (the cash realizable value) at December 31, 2019 is shown below:
= Account receivable - allowance for doubtful debts
= $2,000,000 - $300,000
= $1,700,000
By deducting the allowance for doubtful debts from the account receivable we can get the net account receivable or the cash realizable value
Therefore we ignored the bad debt expense
