Answer:
Explanation:
The computation of the bad debt expense is shown below:
= (Credit sales × estimated percentage given ) - (credit balance of Allowance for Uncollectible Accounts)
= ($985,750 × 2%) - ($18,000)
= $19,715 - $18,000
= $1,715
= (Credit sales × estimated percentage given ) + (debit balance of Allowance for Uncollectible Accounts)
= ($985,750 × 2%) - ($18,000)
= $19,715 + $18,000
= $37,715
Since in the question it does not specify that Uncollectible Accounts has debit or credit balance so we computed in the both methods
For it to be fun. No competition means no fun in the environment.
Answer:
The two ways that a corporation can be classified by ownership are: publicly held and privately held
Explanation:
Corporation is majorly defined by the ownership of the entity and this ownership can only be determined by the number of share being held by private groups and promoters or the general public.
If incomes increase during a period of expansion, goods considered to be inferior will experience:
<h3>What are inferior goods?</h3>
Inferior goods are those types of goods that consumers have little or no interest in. These goods are mostly sought after when the economy is tough and people have no option but to purchase them.
However, when the economy improves and there is an expansion, people will naturally return to the goods that they believe have superior quality. When they make this move, the inferior goods will experience a decrease in demand.
Learn more about inferior goods here:
brainly.com/question/20532958
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