1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anzhelika [568]
2 years ago
13

A company's unadjusted trial balance shows a debit balance in the allowance for doubtful accounts. This means that a. The compan

y has written off more accounts receivable during the period than were accounted for in the opening balance of the allowance. b. The company must recognize bad debt expense at least as great as the unadjusted debit balance of the allowance. c. The company has written off too many accounts receivable and should reassess its write-off policy. d. Both a and b above are correct.
Business
1 answer:
ELEN [110]2 years ago
3 0

Answer:

d. Both a and b above are correct.

Explanation:

In the case when the company unadjusted trial balance reflect a debit balance of allowance for doubtful debts so this represent that the company would have more written off account receivable that would be shown in the beginning balance of the allowance. Also the company should record the bad debt expense as more as the debit balance of the non-adjusted allowance  

Hence, the last option is correct

You might be interested in
USAco exports videos containing Brewer baseball highlights from the Lopes-Royster era (each video lasts only 30 seconds) on whic
zloy xaker [14]

Answer:

USAco

Export of Videos

The true statement is:

c. USAco cannot take a foreign tax credit because USAco purchases the videos in the United States.

Explanation:

A foreign-source income is income generated from exports of goods and services or arising from the income generated by a U.S. foreign subsidiary.  Foreign tax credit is granted to US entities that have foreign subsidiaries to avoid double taxation of the foreign income.

6 0
3 years ago
Again, consider Sharon, a single mother with two children under 18 who earns an annual income of $16,000. Suppose that Sharon qu
Mrac [35]

Sharon and two kids makes 3 people total with both kids being under 18, the poverty level from the table is $20,231

She gets $1000 a month for her kids. 1000 x 12 months = $12,000 per year

12,000 + her annual salary = 12,000 + 16,000 = $28,000 per year.

28,000 is greater than 20,231 so she is not living in poverty.

The answer is no

7 0
3 years ago
Fred and george have been in partnership for many years. the partners, who share profits and losses on a 60:40 basis, respective
Doss [256]
I'm not gonna tell u the answer but u have to set 60:40 as a ratio to set it as a ratio u put 60/40 and then simplify to simplify those two number u have to divide by ten and find the relationship of those two number after y simplify and get ur number u scale up or down so after All those u have a fraction and then do the steps all over to $10,000
6 0
3 years ago
a. Create the most efficient way to move products from producer to consumer b. Create a network of suppliers, intermediaries and
schepotkina [342]

Answer:

a. producers-wholesalers-retailers-consume

b.

Explanation:

it is easy to cut cost of transport, storage ,etc

8 0
3 years ago
Please help branliest to correct answer no guessing please
timofeeve [1]

Answer:

Education..

Explanation:

Hope i helped u..

4 0
3 years ago
Other questions:
  • On july 7, smithview bank lent $430,000 to andrews retail shop on a 90 day, 6% note. what is the maturity date of the note?
    12·1 answer
  • The _________ program is one of the more common ways to get college credit in high school. It includes an exam that you must tak
    10·2 answers
  • The Procter & Gamble Company is a major producer of bar soaps. In fact, Procter & Gamble produces Ivory,Camay, Lava, Saf
    7·1 answer
  • Martha visits a departmental store and discovers that a box of exotic candles will cost her ten percent more than what she had p
    14·1 answer
  • The invention of maize (a type of corn) plastics, which are more environmentally friendly than their petroleum counterparts, can
    8·1 answer
  • Ted is the owner and chief executive officer of a business. He recently began an advertising campaign to promote a new product t
    5·1 answer
  • Department G had 2,280 units 25% completed at the beginning of the period, 13,200 units were completed during the period, 1,900
    9·1 answer
  • What is a risker loan for the lender?
    9·1 answer
  • If you double the thickness of a wall built from a homogeneous material, the rate of heat loss for a given temperature differenc
    9·1 answer
  • _______are short-term liabilities, which include wages payable and taxes payable, that change spontaneously as the firm's normal
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!