Answer:
Provide information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors.
Explanation:
Financial reporting refers to the presentation and disclosure of financial information of an entity to the public, investors, lenders and other stakeholder.
Financial reporting is carried out by reporting financial statements (balance sheet, income statements), statement of cash flows and other relevant/necessary disclosures, notes as required by law or statute or which are essential for better comprehension of such financial information.
Such information helps lenders to know the financial health of the entity, helps investors to decide whether it would be beneficial to invest in the entity, assures government of the compliance of laws by the entity, etc.
Answer:
The write off of the account should include a debit to the allowance for uncollectible accounts, and a credit for bad debt expense:
Account Debit Credit
Bad Debt Expense $10,000
Allowance for Uncollectible
Accounts $10,000
This is because under the aging method, when an account is actually written-off, it must be charged against the bad debt expense that was forecasted or anticipated earlier.
Fourth answer: to raise capital.
Answer:
Dumping
Explanation:
Dumping -
It refers to the scenario , when a country export some goods and services at a very low price in the importing market , than in the domestic market , is referred to as dumping.
The term dumping is used in the trade which is performed internationally .
The major advantage of dumping , is that the products are flooded in the market , which is also unfair.
The method of dumping , is a legal practice.
Hence, from the given statement of the question,
The correct term is dumping.
