The allowance method of recognizing uncollectible accounts used is one where there is no effect on net income.
<h3>What is the allowance method?</h3>
This is known as a method that entails the use of or the act of setting aside a kind of reserve for bad debts that are seen or foretell to take place in the future.
The reserve is one that is based on a percentage of the sales gotten in a reporting period, in terms of those adjusted for the risk linked with some customers.
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Answer:
The correct answer is True.
Explanation:
In the context of the audit of financial statements, fraud consists of recording intentional errors in the financial statements. The two main fraud categories are: fraudulent financial reports and asset misappropriation.
Fraudulent financial reports are characterized by containing errors or intentional omissions in the amounts with the intention of deceiving users. Most cases of fraudulent financial reports overestimate assets and income or omit financial liabilities and expenses to show higher income.
Answer:
Could you please be specific with your question?
Explanation:
After missing<span> a </span>payment<span>, </span>you<span>'ll likely see two charges: A late fee, usually between $25 and $35, and interest on the balance. </span>If<span> the </span>missed payment<span> was an accident,</span>you<span> may want to call your issuer and explain that the </span>missed payment<span> was an accident, it won't </span>happen<span> again and </span>you<span>'ve already made a </span>payment<span>.
Have a wonderful day !!!!!! :) </span>
Answer: Upon realizing that they maintain business units that are not included in their results and generate a greater benefit, it could be indicated that Win Goods Inc should review their financial performance, because for some reason their separate business units are having a better market valuation. This study may indicate that they should consolidate their results so that the Group's shares are unified in the market.
