Answer:
The answer is A.
Explanation:
a. subtract the balance of Allowance for Doubtful Accounts from Accounts Receivable
, because
the account receivables is an asset account, so must be subtracted the allowance of doubtful receivables, which functions as a regularizing account of the asset.
Option B is not appropriate since it subtracts the expense recognized in the period and not the total forecast
.
and option C and D <em><u>add </u></em>the receivables that are considered doubtful or uncollectible, so it is not appropriate either.
I had to look for the options and here is my answer:
What Mcdonald's should do in order to know whether to serve breakfast all day based on economics perspective is firstly, conduct surveys to the customers in order to have a basis on what the customers would think and feel about this new change. And then there should also be a pilot-testing too.
Answer:
Consider the following analysis.
Explanation:
<em>Journal Entries
</em>
- Income tax expense.............$4,0000,000
- Deferred tax liability (10 million - 7 million )*40%........$1,200,00
- Income tax payable (7 million * 40% )................$2,800,000
Using decimals is 4.0, 1.2, and 2.8.
Answer:
false
Explanation:
he/she is not allowed to enter at any time because he/she does not have the right to enter the home if you are not there.
Answer:
b. false
Explanation:
A loss making treasury stock sale will decrease the paid-in-capital account by the amount of loss only.
In case of Loss
Dr. Cr.
Cash xxx
Paid-In -Capital xxx
Treasury xxx
In case of Profit
Dr. Cr.
Cash xxx
Paid-In -Capital xxx
Treasury xxx
As Paid-In-Capital account is part of equity account and it has credit balance. Hence Paid-In-Capital balance will only be reduced in case of loss making treasury shares sale.