Answer:
7 *
Explanation:
First, round 67,785 to the nearest ten thousand;
The 6 is in the ten thousands place, since it is greater than 5, it will be rounded up to 7. The number therefore becomes;
=70,000
Next, estimate the 70,000 to a single digit times a power of ten.
Maintain the 7 digit, then find a number that 10 is raised to, to get 10,000;
10^1 =10
10^2 = 100
10^3 = 1000
<em>10^4 = 10,000</em>
Therefore, 7 times 10 ^4 will give you 70,000;
70,000
= 7 *
When a company uses the allowance method to measure bad? debts, Bad Debts Expense.
<span>"The Bad Debts Expense account is facing a difficulty for achieving the objective, and when a certain or some account is written off".
This is Bad Debts Expense.</span>
The adjusting entry would be rent expense 1,000 / prepaid rent 1,000.
<h3>What is adjusting entry? </h3>
- In accounting/accountancy, adjusting entries are journal entries usually made at the top of an accounting period to expenditure and allocate income to the period in which they actually occurred.
- The revenue recognition principle is that the basis of making adjusting entries that pertain to unearned and accrued revenues under accrual-basis accounting.
- It is also known as Balance Day adjustments because they are made on balance day.
- Based on the matching principle of accrual accounting, revenues and associated costs are recognized within the same accounting period. However the particular cash may be received or paid at a different time.
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Answer:
The statement is absolutely wrong.
Explanation:
The reason is that the just like humans, a company is also part of the society and so it owes a duty of care towards them. The least that an organisation can do is to compensate the stakeholders that are harmed by their operations.
In the nutshell, the animals and plants are also part of our society and they have an equal right to live on this planet as we have. The least the company can do is not harm them or if it harms them due to its negligence then it should compensate them.
