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3 years ago

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

1 answer:

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

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What does 1/4 of a can of coffee cost if 4 cans of coffee costs $2.40?

harkovskaia [24]

In this item, we calculate first for the price of each can of coffee by dividing the cost by the number of cans of coffee.

Price per can = cost / total number of cans of coffee
price per can = ($2.40) / 4 = $0.6/can

To compute for the price of the 1/4 can, multiply the price by can by 1/4.
price of 1/4 can of coffee = (1/4 can)($0.6/can)
price of 1/4 can of coffee= $0.15

Therefore, the 1/4 can of coffee will cost only $0.15.

3 0

2 years ago

What is significant about Rome's location?

stira [4]

Hello.

The answer is: its on a <span> peninsula.

Its surrended by water so it was easy to trade and it is beside the </span>Tiber and <span>Mediterranean sea. It is also used to get large amounts of lands.

have a nice day</span>

3 0

3 years ago

Read 2 more answers

In his job, Damon often identifies causes of problems with telecommunication equipment. Which is most likely his employer? a gov

Flura [38]

Answer:

B. A local cable company.

Explanation:

Since, Damon often identifies causes of problems with telecommunication equipment. The company that is most likely to be his employer is a local cable company.

7 0

3 years ago

Read 2 more answers

On January 1, 2018, an investor company acquired 30% of an investee company’s common stock for $600,000. As a result of this tra

djverab [1.8K]

Answer:

$642,000

Explanation:

the journal entries required to record these transactions under the equity method are:

January 1, 2018, investment in ABC company

Dr Investment in ABC company 600,000

Cr cash 600,000

December 31, 2018, dividends received from ABC company

Dr Cash 15,000

Cr Investment in ABC company 15,000

December 31, 2018, ABC company reports net income

Dr Investment in ABC company 36,000

Cr Investment revenue 36,000

December 31, 2019, dividends received from ABC company

Dr Cash 15,000

Cr Investment in ABC company 15,000

December 31, 2019, ABC company reports net income

Dr Investment in ABC company 36,000

Cr Investment revenue 36,000

The balance of the investment in ABC company account = $600,000 + $36,000 + $36,000 - $15,000 - $15,000 = $642,000

3 0

3 years ago

.If a grower wishes to work in wholesale floriculture, which of the following will prove most broadly helpful when determining w

garik1379 [7]

The correct option for this question is D. A schedule indicating preferred products through the year.

Organizations often foster production schedules before they start their assembling processes. This is significant in light of the fact that it helps organizations:

Decide the cost of producing a specific item, including production and work costs.

Distribute an adequate number of monetary assets to each phase of production.

Guarantee that an item arrives at the buyer market rapidly and proficiently.

Decide how long they might expect to finish production and transport their item to merchants.

Guarantee the production of the right measure of an asset.

to know more about the asset click here:

brainly.com/question/25746199

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6 0

10 months ago