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maw [93]
3 years ago
7

How is a provision for bad debt recognized in the income statement and balance sheet

Business
1 answer:
prohojiy [21]3 years ago
6 0

Answer: The provision for doubtful debts is an accounts receivable contra account, so it should always have a credit balance, and is listed in the balance sheet directly below the accounts receivable line item. The two line items can be combined for reporting purposes to arrive at a net receivables figure

HOPE THIS HELPS

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Qué son los anticuerpos <br>​
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Answer: Los anticuerpos son proteínas especializadas en forma de Y que se unen como un candado y llave a los invasores extraños del cuerpo, ya sean virus, bacterias, hongos o parásitos. Son el batallón de "búsqueda" del sistema de búsqueda y destrucción del sistema inmunológico, encargado de encontrar un enemigo y marcarlo para su destrucción.

Explanation:

4 0
3 years ago
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_____ leadership seeks information, opinions, and preferences, sometimes to the point of meeting with the group, leading discuss
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The democratic style of leadership seeks information, opinions, and preferences, sometimes to the point of meeting with the group, leading discussions, and using consensus <span>or majority vote to make the final choice.</span>
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2 years ago
Senator Brown wants to increase taxes on people with high incomes and use the money to help the poor. Senator Johnson argues tha
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a good decision requires that we recognize both viewpoints

Explanation:

Based on this information it can be said that an economist would most likely state that a good decision requires that we recognize both viewpoints. That is because every decision will affect everyone, but some individuals will be affected positively while others will be affected negatively. Therefore trying to recognize the viewpoint of both sides will allow for decisions that are as fair as possible to both sides.

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2 years ago
__ are products that have low immediate appeal but may benefit consumers in the long run.
BabaBlast [244]

Salutary products are products that have low immediate appeal but may benefit consumers in the long run.

<h3>What is Long Run?</h3>

There is a time frame known as the long run during which all cost and production elements are erratic. In the long run, businesses modify every expense, but in the short term, they can only affect prices by changing their production levels. A company may also anticipate competition in the long run, even though it may currently have a monopoly in the near term.

A long run is a span of time during which a manufacturer or producer can make production-related decisions with some latitude. Depending on the predicted profits, businesses can either increase or decrease their production capacity, or enter or leave a certain industry.

In order to achieve an equilibrium between supply and demand, firms that look at the long term understand that they cannot change output levels.

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7 0
1 year ago
Conrad Construction Corp. has a $20 million contract to construct a building. The company estimates gross profit of $4 million.
Galina-37 [17]

Answer:

$2.5 million

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Conrad construction estimated its total costs at $16 million and a gross profit of $4 million (25% of costs incurred).

If the company incurred in $2 million costs during this year, it can estimate its gross profit at $500,000.

So the total revenue that it should report for the year is $2.5 million (= $2 million + $0.5 million)

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3 years ago
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