Answer:
B
Explanation:
B is the answer I am not 100 percent sure
Answer:
A. $4,180
Explanation:
Desired balance in allowance account: $102,000 × 0.05 =$5,100
-Current balance in allowance account: 920 =$4,180
Journal entry
Debit to Bad Debts Expense $4,180
Credit Adjustment to allowance $4,180
You are not insured. its ok to drive without car insurance but it's good to have car insurance
Answer: True
Explanation: because they are already considered in the GDP calculation when they were sold for the first time. Calculate them again means we are doing double counting.
Whenever you borrow money and pledge your home or other real property as collateral, you have received a real estate secured loan. You sign a promissory note evidencing your promise to repay the loan, but you also offer security in the form of real estate to "encourage" an approval. First and second mortgage loans, along with home equity lines of credit, are common examples of real estate secured loans.