Answer:
C
Explanation:
Cost=10000
Accumulated depreciation=3000
Sales price=9000
Net value=10000-3000=7000
Gain=9000-7000=2000
Answer:
S/n Accounts title Debit Credit
a. Bad Debt expenses $2,655
Allowance for Doubtful debts $2,655
((132,500*5%)-3,970)
(Being bad debt expense recorded)
b. Bad Debt expenses $8,255
Allowance for Doubtful debts $8,255
{(132,500*5%)+1,630]
(Being bad debt expense recorded)
Book value
Cost of an asset-accumulated dep
97,600−82,000=15,600
So
18,000−15,600=2,400
a gain of $2,400.
Hope it helps
The typical ideal risky investment offers a higher returns and lower liquidity than other investments
Risky investment are investment which has the property of being risky and usually take long period of time to start yielding higher return for the investors.
Example of Risky investment includes Options, Futures, Stocks Investments, Equity, and other Capital market instruments etc
The advantage of risky investment is that the yield on return are very higher than non-risky investment such as Money market
The disadvantage of the investment is that its offer lower liquidity, that is, the rate at which the investment can be converted back to cash is very slow.
Therefore, the Option B is correct because Risky investment offers higher returns and lower liquidity than other investments.
Learn more about Risky investment here
<em>brainly.com/question/1603761</em>
Answer:
the blank is "closing agent"
hope it helped!
