Answer: underwriter's concessions
Explanation:
An underwriting simply means to determine the price and risk of a particular security. An underwriting is typicall seen during initial public offerings, whereby investment banks buy securities at first and then later sell the security in the market.
In an underwriting, the underwriter concession is earned by a syndicate member who sells the issue directly to the public.
I'm not an expert on this kind of stuff, but I believe it is C.
Answer:
$8,870
Explanation:
Calculation to determine the balance in the allowance for doubtful accounts after bad debt expense is recorded
Using this formula
Balance in the allowance for doubtful accounts=
(Credit sales* Percentage of Credit sales)+Allowance for doubtful accounts credit balance
Let plug in the formula
Balance in the allowance for doubtful accounts= ($458,000*1.5%)+$2,000
Balance in the allowance for doubtful accounts=$6,870+$2,000
Balance in the allowance for doubtful accounts=$8,870
Therefore the balance in the allowance for doubtful accounts after bad debt expense is recorded will be $8,870
Answer:
either B or D
Explanation:
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