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Ahat [919]
3 years ago
14

True or false: The allowance method of accounting for bad debts records the loss from an uncollectible account receivable when i

t is determined to be uncollectible. No attempt is made to predict bad debts.
Business
1 answer:
PSYCHO15rus [73]3 years ago
7 0

Answer:

false

Explanation:

The allowance procedure estimates bad debt expense before an uncollectible account receivable has been purposed to be uncollectible.

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Students who choose to attend a technical school will likely go to work in
Nana76 [90]

Most time, the students who choose to attend a technical school will likely go to work in the trade.

<h3>What is a technical school?</h3>

This refers to the schools are also known as technical colleges or institutes and offer an education that prepares students for a specific trade or career.

Most time, its issues a certification after studying a course that teaches certain education courses based on an occupational skill.

Among the options, the students who choose to attend a technical school will likely go to work in the trade.

Therefore, the Option A is correct.

Read more about technical school

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5 0
1 year ago
The only way to decrease your lifestyle budget is by completely eliminating an item.
N76 [4]

Answer:

False

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.

The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.

A lifestyle can be defined as the way and manner an individual chooses to live his or her life. Similarly, a lifestyle budget comprises the cost of goods and services an individual has chosen to spend his or her money on.

Basically, completely eliminating an item isn't the only way to decrease a lifestyle budget because there could be similar items that even cost way more than the eliminated item.

Some of the benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

7 0
2 years ago
Why is a high quality bond typically considered a lower risk investment than a stock
vladimir2022 [97]
The answer is in each term's definition. bonds are less risky no matter what the quality. Stocks may earn bigger profits, but more of a gamble.
3 0
3 years ago
You are auditing Rodgers and Company. You are aware of a potential loss due to noncompliance with environmental regulations. Man
aniked [119]

Answer:

D. disclose a liability and provide a range of outcomes.

Explanation:

As there are 40% chances to the outcome that liability will occur, it is not nominal to be ignored. And therefore, it shall be shown in the balance sheet, as a note, with different possibilities and their expected results.

As the amount attached is huge and that the company shall not ignore such a coming liability, as if it do not happen, it can be reversed, and if it does the company shall be ready to have the liability in case of any default.

4 0
3 years ago
For most careers, which degree will likely result in the highest lifetime earnings
oksian1 [2.3K]
A Masters Degree Because with that you can get any job you want
6 0
3 years ago
Read 2 more answers
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