Answer:
capital so the third option
Answer:
$4,412
Explanation:
If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.
That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.
Explanation:
If the tax rate is 0%, the government will earn no revenue. If the taxation rate is 100%, the government will be the recipient of all revenue generated by the economy, and will thereby maximize its own revenue.