Answer:
DR Allowance for Doubtful Accounts 2,000
CR Accounts Receivable—A. Hopkins 2,000
Explanation:
Because Gideon uses the allowance method, when a debt is written off, it will be written off from the allowance that was created for doubtful debts instead of directly to the bad debt account.
Accounts Receivable will be credited to show that it is decreasing and Allowance for Doubtful debt will be debited because expenses are debited when they increase.
Answer:
The correct answer is letter "B": all publicly available information is reflected in current prices.
Explanation:
Within the Efficiency Market Hypothesis (<em>EMH</em>) the semi-strong market efficiency implies current stock prices reflect the public information made available in financial markets. According to this approach, the fluctuations in the stock price are the result of that information published and technical and fundamental analysis are useless in "predicting" stock price movements.
Sorry but you need to answer this one bud. I would help you if I could but I don't know what makes you, well you. :)
<span>The issue here is whether Tracy had enough to drink that would cause him to be mentally incapacitated. If Tracy was mentally incapacitated, the contract would be rendered unenforceable and thus, Tracy would not need to honor the contract and vice versa. However, if Tracy cannot show this, the contract will likely be upheld.</span>
The calculation looks like this:
182000 in net income
Less: Equipment sales revenue (12300)
Add: 50,000 in depreciation costs
Less: An increase in stock (35400)
Add: Decline in receivables by 28800
Add: 23700 more dollars in accounts payable
$236,800 in cash flow from operating operations
As a result, we may say that $236,800 is the total amount of cash flows from operating operations calculated using the indirect technique.
Cash Flow
The net amount of cash and cash equivalents coming into and going out of a business is referred to as cash flow. Money spent and money received reflect inflows and outflows, respectively.
Fundamentally, a company's capacity to produce positive cash flows, or more specifically, its capacity to optimize long-term free cash flow, determines its ability to create value for shareholders (CFC). FCF is the cash a company generates from its regular business activities after deducting any funds used for capital expenditures .
To learn more about Cash Flow
brainly.com/question/24179665
#SPJ4
