Answer:
I yyyyyyyyyyyyyyyyyyyyttyy believe that you are not doing this for you and your sister in law and you have a lot of friends to do
Explanation:shagsvsbdbdissbevegbubtalkingnwbou y isle tab efor ee
Answer:
the bad debt expense reported is $113,300
Explanation:
The computation of the bad debt expense that should be reported in the first year income statement is shown below:
= Allowance for uncollectible accounts + write off account receivable
= $82,700 + $30,600
= $113,300
Hence, the bad debt expense reported is $113,300
Answer: e. Measure the company's financial performance over a period of time
Explanation:
The Income statement shows how the company performed financially in a certain period in relation to their operating activities.
By subtracting the expenses from the revenue, the income statement shows how the company was able to put its investments and assets to good use to be able to provide value for the shareholders.
The Income statement is prepared per period so the information it shows is period specific.
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Answer:
Option (b) : I, II, III, and IV
Explanation:
As per the data given in the question,
In order to evaluate weather a product is sold at a split-off point or can be further processed, the joint processing costs that have already been obtained will have no effect on the decision because the costs and revenues that will be acquired and obtained after consideration will have to be decided whether to continue processing or not. The sunken cost is the cost of processing jointly. Therefore it will not affect the decision to process further or not.
Hence, Option (b) : I, II, III, and IV is correct answer
