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]
3 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]3 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
Tell me about one of your most passionate beliefs and explain how it has an impact on the way you think, behave, attend events,
WITCHER [35]

Answer:

One of my most passionate belief is "Fail Better". This is the belief which I developed since childhood, my family kept on saying this me when I was just 10 years old. Since then, It has been deeply rooted and firmly suited in my mind. It has influenced me from my childhood, I never felt hesitated in taking risks, trying new ideas, things and adventures in my whole life. This has definitely impacted the way I think, behave and communicate with others. This belief was then further been transformed and translated into "Fall seven times, Get up eight". I have followed these rules very strongly in my whole life.  I have started many small businesses when I was in college, almost I failed in them but I learnt so many things which none could have taught me.

5 0
3 years ago
Societies choose what share of their resources to devote to consumption and what share to devote to investment. Some of these de
Mashutka [201]

Explanation:

Note, for private spending, <em>consumption</em> refers to purchases usually made for present needs, while <em>investment</em> refers to purchases that may provide. For government spending, <em>consumption </em>refers to purchase made to care for the immediate welfare or needs of those governed without any monetary benefits, while <em>investment </em>purchases are done with the perceived future benefits in mind.

<u>Private Spending</u>

  • Laundromats buying washing machines =  Investment
  • People buying houses  = Investment
  • People buying newspapers  = Consumption
  • People buying food = Consumption

<u>Government Spending</u>

  • Payment for public safety employees = Investment
  • Building hospitals = Investment
  • Building roads = Investments
  • Buying military equipment = Investment
4 0
3 years ago
What are some Financial sources that are NOT reliable! plz help i will give 19 to the brainilest
Aleksandr-060686 [28]

Answer: See on how dependent on advertising a publication is.

Explanation:

8 0
3 years ago
Read 2 more answers
Diego has been hired as a consultant to review a company’s contracting and purchasing procedures. He began by reviewing recent c
MatroZZZ [7]

Diego applying the systems model of change as a diagnostic framework

<h3><u>Explanation:</u></h3>

The Business Diagnostics Framework is a systemized way to diagnose the form of your business. The framework emerges from the external concentric rings, evaluating primary the outside environment and then penetrating down into the essential functional areas of the business processes.

Business diagnosis is a means of operating rearward to recognize causes for inadequate execution by making the relevant links within causes and effects. Thus, it is a method of knowing the signs or conditions of a problem. The Business Diagnostics system is a different framework that assists resolve even the most complicated business circumstances.

6 0
3 years ago
What is one way investment consultants protect their clients’ money during periodic performance reviews?
mixas84 [53]

Answer:

Investment consultants check that the portfolio manager's performance was based on skill investing in the agreed-upon stocks or sectors

Explanation:

because it is

6 0
3 years ago
Other questions:
  • Which employee labor rate is typically used to produce a project budget?Select an answer:A. salariesB. billable ratesC. burdened
    11·1 answer
  • The total assets of brandon co. are $900,000 and its liabilities are equal to one-fourth of its total assets. what is the amount
    8·2 answers
  • "Suppose that the demand and supply curves have similar steepness. If demand for the good increases slightly and at the same tim
    10·1 answer
  • A firm will not shut down in the longminus?run as long as the firms? revenue:
    10·1 answer
  • Joey’s parents told him that for every 3 hours of chores he completes, they would give him $11 for his allowance. His friend Sar
    11·1 answer
  • Recently there have been several mergers involving Big Four accounting firms. One such merger involved the firms of Arthur Young
    14·1 answer
  • Members of the Book Promoters Association of Canada recently questioned what could be done to rejuvenate the Canadian book publi
    5·2 answers
  • When a business establishes a web-site and begins to allow customers to place orders online without ever coming into their store
    5·1 answer
  • Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a 10% return on the company's
    13·1 answer
  • During a job interview, Pam Thompson is offered a salary of $32,000. The company gives annual raises of 4 percent. What would be
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!