Answer:
$106 million
Explanation:
allowance for doubtful accounts
debit credit
beg. balance 426
bad debt 85
ending balance <u>405 </u>
106
Since you need $106 million to balance the account, that should be the amount of bad debt written off during the current year. Allowance for doubtful accounts is a contra asset account, any debit balance increases accounts receivable while a credit balance decreases it.
Answer:
Im going with either 1million a day or 10k an hour
Answer: "I. Many assets are measured at their historical cost rather than amounts for which the assets could be sold." explains why a company’s book value as reported in the balance sheet may not equal the company’s market value.
Explanation: Normally non-current assets (fixed assets) are valued at their historical acquisition cost, therefore the difference between the market value and the book value of a company occurs