The allowance for doubtful accounts credited, instead of accounts receivable when recording the adjusting entry for bad debts Because accounts receivable is made up of numerous client accounts, it cannot be credited unless it is known which particular customer will not pay.
The provision for questionable accounts is referred to as a "counter asset" since it reduces the value of an asset, in this example, the accounts receivable. The compensation, often known as a doubtful account, is management's projection of the amount of accounts receivable that customers will not pay. Let's assume, using the aforementioned example, that on June 30 a business reports an accounts receivable debit balance of $1,000,000. The business predicts that $50,000 will not be converted into cash and expects some consumers won't be able to pay the full amount.
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The exclusion of gain on the sale of a personal residence may be elected only by a taxpayer who has owned three or more residences if the tax payer uses the installment method to sale of property.
Explanation:
The present law provides the recognition of roll over and gain on the sale of tax payer. This rule is applied to the purchase price of the replacement residence that equals or exceeds the sale price of residence sold.
The bill has the benefits of exclusion for the individuals who receive compensation from U.S or other agency.
The taxpayers exclude all the portion of gain from the involuntary conversion of principal residence if they had ownership and requirements.
Answer: decrease government spending
Explanation:
Since government spending leads to employment generation and business activity which in turn increases incomes and spending. A decrease in government spending will keep demand and consequently inflation in check.
Answer:
1144.95$
Explanation:
375.40 was given every week so multiply by 3 and I got 1126.20.. now annually is the key work and annually means per month so I divide 22500 by 12 and got 18.75. last, I added 18.75 a d 1126.95 and got 1144.95!! Hoped explained well!!
It was Madame C. J. Walker, the entrepreneur who had a significant impact of the cosmetics industry. Her real name is Sarah Breedlove and she made unique and specialize hair products for African-American hair. Her being the creator of the specialized hair products for African-American women hair was inspired by her personal hair problem. She once had a scalp illness resulting to a severe hair loss that is why she decided to create products that would cure such. This line of industry make her one of the first millionaire during her times.
