1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
What is consumer vigilance? Select the best answer from the choices provided. A. being aware of risks to consumers B. being fear
Nimfa-mama [501]

Answer:

the right to be informed. the right to be safe. the right to choose. the right to be heard. avenues for redress ofconsumer grievances (e.g., state and federal agencies, consumer protection laws, private groups such as Common Cause, Better Business Bureau).

Explanation:

A. being aware of the risks to consumer

7 0
3 years ago
NoMoreKidSongs Corp. paid a dividend last quarter of $6.18. It is expected to grow at 3% over the next year, 8%, the following y
pantera1 [17]

Answer:

$6.87

Explanation:

The Dividend will grow first with non-constant growth rate and then after 3 years it will grow at a constant rate of 2%.

Last Dividend Paid = $6.18

In the first year the Growth rate is 3%

First Year Dividend = $6.18 ( 1 + 3% ) = $6.18 ( 1 + 0.03 ) = $6.18 ( 1.03 ) = $6.3654

In the Second year the Growth rate is 8%

Second Year Dividend = $6.3654 x ( 1 + 8% ) = $6.3654 x ( 1 + 0.08 ) = $6.3654 x ( 1.08 ) = $6.87

8 0
3 years ago
Some companies now use online advertising campaigns and contests to help develop better goods, services, or ideas. This is most
Amanda [17]

The scenario illustrated by the company is related to promotion in marketing mix.

<h3>What is promotion?</h3>

It should be noted that promotion is the marketing communication that's used to inform the audience about a good.

In this case, since the companies use online advertising campaigns and contests to help develop better goods, services, or ideas. This depicts promotion.

Learn more about marketing on:

brainly.com/question/25754149

3 0
2 years ago
Marvin loves chocolate truffles. as the price of a chocolate truffle increases from $1 to $2 to $3, marvin continues to buy a do
viktelen [127]
Increasing at the moment. After a few weeks, when the price becomes unreasonable, I doubt Marvin would want to buy chocolate truffles.

I hope you found this helpful! :)
4 0
3 years ago
"Forcing insureds to sue the insurer to collect on a claim by offering substantially less than the amount eventually recovered i
Anuta_ua [19.1K]

Answer:

Unfair Claims Settlement Practices Act

Explanation:

Here fundamentally, the act which will be acted on the given sentence is generally known as Unfair Claims Settlement Practices Act. Unfair claims practice is the inappropriate restraint of a request by an insurer or an endeavor to diminish the intensity of the claim. By interlacing in unfair claims practices, an insurer strives to diminish its values. Nevertheless, this is unlawful in various jurisdictions. Additionally, most maximum states possess formulated a version of this type of rule. Denominated essentially the Unfair Claims Settlement Practices Act, it defends safeguard consumers from the unfair manner by insurers in the appeals settlement method.

6 0
3 years ago
Other questions:
  • Keyshawn is a player on a professional football team. Because of this, his play every week is scrutinized by fans and media, as
    15·2 answers
  • a company had no office supplies available at the beginning of the year. during the year, the company purchased $370 worth of of
    8·1 answer
  • A surge in new home sales and a drop in weekly unemployment claims suggest that the economy might not be as weak as some analyst
    11·1 answer
  • Mendel crossed yellow-seeded and green-seeded pea plants and then allowed the offspring to self-pollinate to produce an F2 gener
    12·1 answer
  • GDP would include all of the following except:
    5·1 answer
  • Week 8 Quiz - Taxes and W-2s (36pts)
    9·2 answers
  • The overhead costs for a company are presently $X per month. The management team of the company in cooperation with the employee
    14·1 answer
  • Access Organics, Inc., hired Andy Hernandez to sell organic produce. Later, Hernandez signed an agreement not to compete with Ac
    10·2 answers
  • What was a result of the Mexican-American War
    14·2 answers
  • The following transactions apply to Ozark Sales for Year
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!