Answer:
The correct answer is letter "B": Information.
Explanation:
Information reports provide managers with valuable data that allows executives to make decisions. The data portrayed to managers is usually brief including key points of the current company's performance and numerical data such as percentages or ratios. Informational reports in most cases are feeds of earnings, profits, costs, and corporate losses.
Answer:
The amount of the adjusting entry for bad debts at December 31 is C. $91,000
Explanation:
Adjustment entry is made on changes on the amount of provision for doubtful debts.
Increase in amount of provision for doubtful debts increases the expenses in income statement.
Decreases in amount of provision for doubtful debts decreases the expenses in income statement.
Allowance for Doubtful Accounts Balance $35,000 (cr)
Allowance during th year $126,000
Increase in Allowance $ 91,000
$ 91, 000 increase in allowance for doubtful debts increases the expenses in Income Statement
<span>Joe's business is most likely a type of sole proprietorship. Sole proprietorships are usually ran by one person who accounts for all of the business expenses as part of their personal taxes so there is no difference between personal and business. This form of business also does not need to file any paperwork with the state. The owner just needs a business license.</span>
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
<span>If Bruno's basis in LLC interest is $187,200 he receives $74,880 cash. Bruno's basis in inventory is $51,346 and his basis in land is $64,183. The total value Bruno has in cash, inventory, and land is $190,409. Bruno recognized a gain of $3,209.</span>
