Answer:
: $4,610
Explanation:
The allowance for uncollectible accounts should be 2% of accounts receivable. So first we wil find out the 2% of $268,000.
($268,000 x 2%) = $5,360
Then we will subtract the $750 allowance for uncollectible accounts before any adjustments.
$5,360 - $750 = $4,610
The amount of the adjusting entry for uncollectible accounts would be: $4,610.
The correct option is OA. Selling to another company the right to make and market a product line is called spinning off.
Create a new corporation that is independent of the previous organization by spinning off something, like a company. [Firm] He saved the organization and eventually separated its textile sector into a different business.
A corporate spin-off, often referred to as a spin-out, starburst, or hive-off, is a sort of corporate activity in which a corporation "splits off" a segment as a different business or establishes a second incarnation, even if the first is still operating.
Learn more about spinning off here
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There is some control over price in monopolistic competition
Answer:
The amount of student loan interest can Zach and his spouse deduct in 2017 is $1,125
Explanation:
The amount of student loan interest can Zach and his spouse deduct in 2017 is $1,125
The amount of student loan interest can Zach and his spouse deduct in 2017 is
Education Expenses:
= $15,000 Incurred Expenses - $3,750 Scholarship
= $11,250
$11,250 / $15,000 = 75%
Interest Incurred:
= $950 Federal Loan Interest + $550 Lending Loan Interest
= $1, 500
$1,700 x 90% = $1,125
Answer:
The correct answer is Payroll register.
Explanation:
In accounting, the term payroll indicates the amount paid to employees for the work they have done in the company for a certain period of time, usually monthly or quarterly.
The payroll is very important in the financial accounting of a company for several reasons:
First, the importance of the nomic is vital in a company since it and the taxes derived from it significantly affect the net income of the company. It is also often the subject of numerous laws and regulations.
The payroll is also, of course, very important for its recipients: the employees. For a worker, the perception of his payroll is essential for his well-being.