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motikmotik
4 years ago
10

Under the allowance method, writing off an uncollectible account a. affects only balance sheet accounts. b. affects both balance

sheet and income statement accounts. c. affects only income statement accounts. d. is not acceptable practice
Business
1 answer:
scoray [572]4 years ago
8 0

Answer:

A. affects only balance sheet accounts

Explanation:

writing off an uncollectible account affects only balance sheet accounts

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The balance in Discount on Bonds PayableGroup of answer choicesshould be reported on the balance sheet as an asset because it ha
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Answer: would be subtracted from the related bonds payable on the balance sheet

Explanation:

The discount on the bonds payable is simply a contra liability account which leads to a reduction in the balance that's in the bonds payable account.

The balance in Discount on Bonds Payable would have to be be subtracted from the related bonds payable on the balance sheet.

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3 years ago
What is the difference between federal and private loans.
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federal loans are provided by the government and private loans are provided by banks, credit unions, and other financial institutions.

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3 years ago
Categories of manufacturing costs include ______. Multiple select question. direct labor manufacturing overhead direct materials
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Firms do create goods. Categories of manufacturing costs include direct labor, direct materials and manufacturing overhead.

<h3>What are manufacturing costs?</h3>

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4 0
2 years ago
Jill earns a salary of $425.00 per week, plus a commission of 20% on all sales. Last week she sold $1,123 worth of goods. How mu
ch4aika [34]
To find 20% of the value of the goods,
1,123 x 20% (this is the same as 1,123 x 0.2)
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Therefore Jill was paid $649.60 last week

4 0
3 years ago
Read 2 more answers
9. Efficient markets hypothesis Which of the following are consistent with the efficient markets hypothesis? Check all that appl
atroni [7]

Answer:

The answer is: Stock markets reflect all available information about the value of stocks

Explanation:

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7 0
3 years ago
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