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3 years ago

9

If a company incurs legal obligations associated with the retirement of a tangible long-lived asset as a result of acquiring the

asset:_________

1 answer:

Svetach [21]3 years ago

5 0

Answer:

The company recognizes the obligation at fair value when the asset is acquired

Explanation:

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_____ are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.

Natali5045456 [20]

Credit terms are specific repayment conditions as to how long customers have to pay bills and the amount of cash discount allowed.

<h3>What is the purpose of credit terms?</h3>

Credit terms are the payment requirements stated on an invoice. It is fairly common for sellers to offer early payment terms to their customers in order to accelerate the flow of inbound cash.

Credit means a loan, an agreement in which the lender (creditor) supplies the borrower with money, goods or services which is to be returned in future. Terms of credit apart from the rate of interest, collateral also includes documentation, mode of repayment.

To learn more about credit terms visit the link

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2 years ago

14.Outline four features that constitutes a market <br>

ICE Princess25 [194]

Answer:

as

Explanation:

8 0

3 years ago

.If you employer gives you a raise that is equal to the inflation rate, then your real salary will have increased T/F

AysviL [449]

I would say the answer is True

7 0

3 years ago

2 The link that distributes a product from a supplier to the consumer is afn)

Kaylis [27]

Answer:

A. supply chain

Explanation:

The supply chain is the entire system that a manufacturer uses to deliver finished products to the intended consumers. The supply chains start from sourcing materials to the processing and distribution of finished goods to final consumers. The supply chain managers manage the supply chain process.

The supply chain system consists of the manufacturer and some independent entities such as distributors, wholesalers, warehousing service providers, transporters, and retailers.

7 0

2 years ago

Nash's Trading Post, LLC uses the percentage of receivables basis to record bad debt expense and concludes that 3% of accounts r

skelet666 [1.2K]

Answer:

(a) Prepare the adjusting journal entry to record bad debt expense for the year with Allowance for Doubtful Account of $ 3,041

Dr Bad Debt Expenses $10,150

Cr Allowance for doubtful debt $10,150

(b) Prepare the adjusting journal entry to record bad debt expense for the year with Allowance for Doubtful Account of $ 918

Dr Bad Debt Expenses $14,109

Cr Allowance for doubtful debt $14,109

Explanation:

The Allowance for Doubtful Account will have the Balance of : 439,700 x 3% = $13,191

(a): Bad Debt Expenses needs to be recorded: 13,191 - 3,041 = $10,150

(b): Bad Debt Expenses needs to be recorded: 13,191 + 918 = $14,109

3 0

3 years ago