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
bixtya [17]
2 years ago
11

On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $31,000

and $500, respectively. During Year 2, Kincaid reported $72,500 of credit sales, wrote off $550 of receivables as uncollectible, and collected cash from receivables amounting to $74,550. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales.
What effect will recognizing the uncollectible accounts expense for Year 2 have on the elements of the financial statements?
a) Increase total assets and retained earnings
b) Decrease total assets and increase retained earnings
c) Decrease total assets and net income
d) Increase total assets and decrease net income
Business
1 answer:
Diano4ka-milaya [45]2 years ago
3 0
D Increase total assets and decrease net income
You might be interested in
Question 3 of 20
Nat2105 [25]
I think that the answer would be D
5 0
3 years ago
Gander, an apparel company, is known to be a profit-hungry company. It lands in a controversy when it comes to light that the co
Otrada [13]

Answer:

Legal but Unethical

Explanation:

Based on the information provided within the question it can be said that Gander's business conduct is Legal but Unethical. It is legal because since it is a developing country there is most likely no law against the amount that the company's must pay employees. On the other hand it is unethical because the company is taking advantage of the necessity of the workers and is paying them nonliving wages.

If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
In early America, a traditional market structure existed when A) merchants purchased goods from England. B) farmers sold produce
defon

In early America, a traditional market structure existed when people bartered goods they produced for goods they needed.

Explanation:

Bartering is the mechanism between two entities without the use of cash in the exchange of trading products or services. When people trade, they are all benefited by receiving goods or services that they need or want.

Bartering does have a benefit as there is something that even people with no money could get for them. Bartering may include exchanging an object for a service.

For eg, in return for a tin of apples from either a tree in their yards you might agree to work for somebody. If you choose to trade for a need, you can save cash for other requirements.

7 0
3 years ago
Read 2 more answers
Which food was received in the temperature danger zone
Luba_88 [7]
Temperature danger zone is defined as the specified range of temperature at which micro organisms grow rapidly in food. The danger zone ranges from 40F to 140F. To keep food out of danger zone, cold food must be kept at or below 40F while hot food must be kept at or above 140F. From the question given above, three of the food fall in the temperature danger zone, but cottage cheese is still safe at 40F because of the fermentation process by which it was made and shell egg is still safe at 43F because it has shell to protect it. Thus, the correct answer is POTATO SALAD AT 46F.
5 0
3 years ago
The CDC for hospitals and healthcare facilities to improve
Andreyy89

The CDC makes investments in infrastructure and healthcare systems to make them secure settings for patient care.

<h3>What are the Centers for Disease Control and Prevention?</h3>

The Centers for Disease Control and Prevention (CDC) is a government organization that carries out and supports health promotion, prevention, and preparedness operations in the United States. The Department of Health and Human Services oversees the CDC, which was founded in 1946.

Access resources and advice to help healthcare facilities plan, function efficiently, and handle surges.

Thus, CDC helps in improving the plans and functions efficiently to handle surges.

Learn more about CDC:

brainly.com/question/15887044

#SPJ1

7 0
1 year ago
Other questions:
  • If your daily commute time is an hour and today you worked an hour of overtime, how much time is added to your commute time for
    10·2 answers
  • A check with a future date on it is called
    12·1 answer
  • In February 2017 the risk-free rate was 4.97 percent, the market risk premium was 7 percent, and the beta for Twitter stock was
    12·1 answer
  • The Republic of South Africa exports edible fruits and nuts into the common market known as the European Union, and imports from
    13·1 answer
  • During March, Pendergraph Corporation incurred $65,000 of actual Manufacturing Overhead costs. During the same period, the Manuf
    10·1 answer
  • Turner Inc. produces two products P1 and P2. The company has provided you with the following information. Assume that the curren
    9·1 answer
  • The following information describes a​ company's usage of direct labor in a recent​ period: Actual direct labor hours used 40 co
    10·1 answer
  • Explain Jodi's self esteem throughout Tall Girl? Movie
    9·2 answers
  • you have calculated the pro forma net income for a new project to be 45,930. the incremental taxes are 22,260 and incremental de
    9·1 answer
  • A __________ item is something that is purchased without much thought before the purchase.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!