1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zanzabum
3 years ago
11

Under the allowance method, a.bad debt expense is recorded when specific customer accounts are determined to be uncollectible. b

.the allowance account and estimates are used. c.the allowance account is used, but estimates are not. d.primary users are small companies with few receivables.
Business
1 answer:
solniwko [45]3 years ago
6 0

Answer:

B) the allowance account and estimates are used.

Explanation:

When a company uses the allowance method, it will record an adjusting entry for the losses it anticipates from bad credits given to customers. The bad debts expense account is debited and the allowance for doubtful accounts (contra asset) is credited. Then as time passes and the amount of bad debts is  exactly determined, another adjusting entry is necessary depending whether the estimate was correct or not, or if it was under or over estimated.

You might be interested in
Explain briefly how the role of leader impacts the goals and objectives of an organization.
stealth61 [152]

A leader has more responsibility than a "peasent" or commener.

6 0
4 years ago
The rusties market, a small antique shop, periodically runs advertisements in the local newspaper to keep its name before the pu
Aneli [31]

The Rustic Market, alittle antique shop, periodically runs advertisements within the local newspaper to keep its name before the public. this is often known as reminder advertising.

<h2>What is advertising?</h2>

Advertising may be a type of marketing communication in which a product, service, or idea is promoted or sold using an openly sponsored, non-personal message. Advertisement sponsors are typically businesses that want to market their products or services.

Brand advertising may be a type of advertising that helps consumers connect and build strong, long-term relationships over time. Businesses that use brand advertising hope to realize long-term positive recognition.

Advertising has three main goals: to tell , persuade, and remind. Informative advertising raises brand, product, service, and idea awareness. It publicizes new products and programs and may educate people about the features and benefits of new and existing products.

To know more about advertising :

brainly.com/question/1658517

#SPJ4

5 0
2 years ago
On January 1, The Long Island Crystal Company (LICC) issued 500,000 shares at $27.15 per share. (Issued means they are actually
zhenek [66]

Answer:

$0.00

Explanation:

LICC company issued the share and gave them to the officer, ABLE. During the same year, the condition on the stock is met to sell them, and ABLE exercises this option. LICC custody of the stock ends when the condition is met and ABLE can sell the shares.

These stocks belong to ABLE and selling these shares will impact their income tax, not the company. ABLE is a different tax-subject than LICC. Thus, LICC income taxes do not absorb the gain on sale in this transaction.

4 0
3 years ago
The fact that business customers purchase products to be used directly or indirectly in the production of goods and services to
Monica [59]

Answer:

The correct answer is C

Explanation:

Demand for business products is referred to as the derived demand, which means that the firm or business bought the products to be used while producing the products of customer.

And a small decrease or increase in the demand of the consumer could produce the larger change in the demand for the manufacturing equipment and facilities required to make the product for consumer.

So, the needs of the customer states that the demand for the business product is derived.

8 0
3 years ago
Documents created with Calc are saved as which file extension?
Eduardwww [97]

Answer:

D. .ods

Explanation:

edge

8 0
3 years ago
Other questions:
  • Stealth bank holds deposits of $200 million. it holds reserves of $15 million. it has purchased government bonds worth $75 milli
    15·1 answer
  • One important way in which banks make economic growth possible is by
    7·1 answer
  • What type of theory is the expectancy theory
    6·1 answer
  • In producing the efficient amount of a public good, government should take into account: Multiple Choice the vertical sum of all
    9·1 answer
  • At White Chemical Co., management is examining its selling strategy and wants to acknowledge the role its sales staff has in und
    10·1 answer
  • If you were on the Federal Reserve Board and you were concerned only with reducing high unemployment, you would implement_______
    14·1 answer
  • 1. Fiscal policy refers to A. the behavior of the nation's central bank, the Federal Reserve, regarding the nation's money suppl
    7·1 answer
  • On January 1, 2021, The Barrett Company purchased merchandise from a supplier. Payment was a noninterest-bearing note requiring
    15·1 answer
  • Winn Corp. currently sells 9,820 motor homes per year at $45,500 each, and 3,680 luxury motor coaches per year at $89,700 each.
    9·2 answers
  • What dose persuasive mean?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!