Answer:
False
Explanation:
Few of the characteristics of administrator account that a member of administrator group doesn't have is that an administrator account cannot be removed from administrators group, it cannot be locked out/deleted due to incorrect logon attempt and it has a blank password by default.
With this, a member of the administrator group does not have all the characteristics of the administrator account.
This answer would be reliability.
Answer: The amount of bad debt expense the company would record would be $3,470.
Explanation: Bad debt expense is an estimate of accounts receivable that is deemed as uncollectible while allowance for doubtful accounts is a balance sheet allowance account that warehouses the total balance of accounts receivable that is deemed irrecoverable.
In this scenario, Simple Co. estimated, using the aging method, that the allowance for doubtful accounts is $3,800. However, it had a credit balance of $330 in the same account. The reinstate the allowance account to $3,800, $3,470 has to be adjusted for by debiting bad debt expense and crediting allowance for doubtful account.
Answer:
$455,000
Explanation:
Given that,
high speed industrial centrifuge at a cost = $420,000
Shipping costs = $15,000
Foundation work = $8,000
additional water line = $3,000
Labor and testing costs = $6,000
Materials used up in testing = $3,000
Total Costs to be capitalized:
= High-speed industrial centrifuge + Shipping costs + Foundation Work + Additional Water Line + Labor and testing costs + Materials used in testing
= $420,000 + $15,000 + $8,000 + $3,000 + $6,000 + $3,000
= $455,000
