Answer:
d.No effect on the expenses of the current period.
Explanation:
In the case when the credit balance of the allowance for doubtful debt more than the bad debt amount i.e. written off
So the entry for writing off against the allowance would result in no effect on the expense for the present period
As the bad debt expense is debited and the allowance for doubtful debt would be credited therefore the option d is correct
The deadweight loss from a tax is likely to be greater with a good that has many substitute.
<h3>What is deadweight loss?</h3>
This refers to scenario, tax imposed create loss of economic sufficiency; when the supply of goods and services aren't met.
Dead weight loss is the inefficiency that occurs when the market is not in equilibrium.
Learn more about deadweight loss here: brainly.com/question/26362939
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Hello,
Here is your answer:
The proper answer is option A "true". It is extremely important to find the source of the information because the source could not be verified (which means its giving false information).
Your answer is A.
If you need anymore help feel free to ask me!
Hope this helps!
<span>Alice had original amount = $12,450. She earned an interest of $622.50 on the original amount. To find the percent, say, $622.50 = x% of $12,450, we get x% = 0.05 or x = 5%. Thus, Alice earned approximately 5% of the interest.</span>
