Answer:
debit to the Allowance account.
Explanation:
GAAP is an acronym for Generally Accepted Accounting Principles, it comprises of the accounting standard, procedures and principles used by public institutions in the United States of America. The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).
IFRS is an acronym for International Financial Reporting Standards, it comprises of a set of accounting standards or rules issued by the International Accounting Standards Board (IASB). The International Financial Reporting Standards ensures that statement of income, when reported by accountants is consistent, transparent and comparable globally.
According to the Generally Accepted Accounting Principles (GAAP), when the allowance method is used for bad debts, the entry to write off an individual account known to be uncollectible involves a debit to the allowance account.
The most helpful examples of milestones for the goal includes:
- taking classes to learn the language of the country
- saving & investing 35% of her income.
<h3>What are milestones?</h3>
This refers to those series of actions and achievements that are necessary to attain to make progress toward goals.
Hence, the examples of milestones for attaining the goal of retiring in a foreign country includes to attend college taking classes to learn the language of the country she wants to retire in and saving & investing 35 percent of her income every month.
Therefore, the Option 2 and 6 is correct.
Read more about milestones goal
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Answer:
Simps will answer for you not me
Explanation:
well you see a simp is someone who is really attracted to girls and I just aint about that so good lucker and there is your answer
Answer:
b. Barb is correct. The agreement must be in writing to be enforceable.
Explanation:
For a contract between two parties to be enforceable, it will need to be verifiable. A phone conversation that involves verbal agreement can be denied by either party. So it is most preferable when contracts are on written form.
In this instance Andy had the following conversation and there was conflict in the agreement between the parties.
Andy: "This is to confirm our telephone conversation of earlier today. 200 lbs. of T-bone at $2.89 per pound." Barb: "Yes, but that's 100 pounds at $2.99." Andy: "Too late, we already reached agreement by phone." Barb: "Too bad, it wasn't in writing."
Of the agreement had been in writing then it would have been enforceable on Barb.
Answer:
The estimated finished goods inventory balance at the end of November is closest to: $383,800.
Explanation:
<em>First calculate the units of ending finished goods inventory for November </em>
units of ending finished goods inventory = 10,100 × 40%
= 4,040 units
<em>The determine the unit standard cost</em>
Raw materials ( 5 × $1.00) = $5.00
Direct labor (3.0 × $19.00) = $57.00
Manufacturing overhead : Variable (3.0 ×$11.00) = $33.00
Unit Standard Cost = $95.00
<em>Finished goods inventory balance</em>
Finished goods inventory balance = units of ending finished goods inventory × unit standard cost
= 4,040 units × $95.00
= $383,800
