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
kozerog [31]
3 years ago
10

Which of the following is a correct statement? Multiple Choice Writing off an uncollectible account under the allowance method d

ecreases net income. Writing off an uncollectible account under the direct write-off method does not affect net income. Estimating uncollectible accounts expense improves the matching of revenues and expenses. All of these are correct statements.
Business
1 answer:
jok3333 [9.3K]3 years ago
4 0

Answer:

Estimating un-collectible accounts expense improves the matching of revenues and expenses.

Explanation:

When uncollectibles are recorded through allowance method then, bad debts expense is provided, which reduces net income. But at the time of writing off only the allowance and accounts receivables account is affected and not the net income.

When direct method is used then also the net income gets reduced, as bad debt expense and accounts receivables is affected.

And as provided in first para, when estimating and creating the allowance for bad debts, it affects net income, and it also represents the true and fair view of expenses and income.

Thus, statement c is correct.

You might be interested in
Price controls on rents are frequently implemented by governments in an effort to protect renters from high housing prices. Diff
Mamont248 [21]

The two primary varieties of price restrictions are known as price ceilings and price floors respectively.

<h3>What exactly are these pricing controls?</h3>

Price control is a technique that the government uses to guarantee that the price of a product or service on the market does not become too high or cheap.

Price controls may be broken down into two categories: price ceilings and price floors. Price floors and ceilings are used to determine the lowest and maximum amounts of a product's price, respectively. Price ceilings are used to determine the maximum amount of a product's price.

Read more about Price controls

brainly.com/question/1150883

#SPJ1

3 0
1 year ago
What drove Tucker to risk everything to build a car company?
lesya [120]

Answer:

he opened a car company for a better tommorow

3 0
3 years ago
What is an option in stocks
omeli [17]

A contract known as an option grants the buyer the right, but not the duty, to purchase or sell an underlying asset (such as a stock or index) at a given price on or before a particular date (listed options are all for 100 shares of the particular underlying asset).

<h3>What is an option? Explain.</h3>

An option is a contract that grants the buyer the right, but not the responsibility, to buy the underlying asset (in the case of a call) or sell it (in the case of a put) at a certain price on or before a specific date.

Options are used by people for revenue, speculation, and risk hedging.

Because they draw their value from an underlying asset, options are classified as derivatives.

A stock option contract normally entails 100 shares of the underlying stock, but other underlying assets, such as bonds, currencies, or commodities, are also acceptable.

To know more about option you may visit :

brainly.com/question/14134823

#SPJ4

6 0
1 year ago
Loni delivers her Mazda to be repaired at Nile’s Body Shop. Loni agrees to pay cash. Nile performs, but Loni does not pay. Nile
xxMikexx [17]

Answer:  Option C

                 

Explanation: Artisan's lien is a kind of lien that enables a craftsman to keep a piece of work unless it is compensated for. Lien applies to an individual's moral right to property of someone else if responsibility is not dismissed. The Lien of Artisan is also known as the mortgage loan of Materials.

In other words, It refers to  form of lien which offers staff a private estate protection benefit before they are compensated on that estate for their work. In the given case, Loni did not pay for the services that were provided by Nile.

Thus, we can conclude that the given case depicts an artisans lien.

8 0
3 years ago
A trade union representing workers in particular job categories acts as a(n) ____________ when it attempts to influence policy.
Sveta_85 [38]
The trade union acts as AN INTEREST GROUP. An interest group refers to a group of people that seeks to influence public policy on the basis of a specific common concern or interest. An interest group can fall under one of two categories which are economic and non-economic interest groups.
7 0
3 years ago
Other questions:
  • Blue Company purchased 60 percent ownership of Kelly Corporation in 20X1. On May 10, 20X2, Kelly purchased inventory from Blue f
    10·1 answer
  • If money is paid when a change of ownership in a life insurance policy takes place, this is generally known as a ____________.a.
    11·1 answer
  • Larry tells you that his 10-year-old cousin recently completed an intelligence test that translated raw scores into deviation iq
    9·2 answers
  • A study comparing perceptions of punctuality in the United States and Brazil found that Brazilian timepieces are less reliable a
    10·1 answer
  • A vendor makes a new smartphone and presells four thousand units for $300 each. The factory has the capacity to produce one thou
    10·1 answer
  • Your parents' income will be used to determine what your insurance will cost.​
    15·1 answer
  • Ashley is an attorney who specializes in family law. She uses the cash method of accounting and is a calendar-year taxpayer. Las
    7·1 answer
  • Balance sheet accounts Group of answer choices 1. are called real accounts 2. have zero balances after the closing entries have
    12·1 answer
  • McDonald's is an excellent example of a firm that simultaneously employs both a product-differentiation and a cost-leadership st
    13·2 answers
  • Nancy, age 67, plans to retire in six months. She has $200,000 in a savings account. She would like to receive lifetime monthly
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!