Answer:
Give me brainliest pls! I neeed it to rank up jus pls do it!
Explanation:
Answer:
$3760
Explanation:
Calculation to determine the December 31 balance in Bad Debt Expense
Using this formula
Bad debt expense = Credit sales × Uncollectible percentage
Let plug in the formula
Bad debt expense= $94,000 × 4%
Bad debt expense= $94,000 × 0.04
Bad debt expense= $3760
Therefore the December 31 balance in Bad Debt Expense will be $3760
which system tax collection system supports the idea that some states are more valuable than others is the Articles of Confederation says that its value will be estimated based on land, people, and improvements
Taxes can be defined as mandatory levies from the people for the state. Every penny of tax money paid by the people will be included in the post of state income from the tax sector. Its use is to finance central and local government spending for the welfare of the community.
Taxes are very beneficial for the state. In full, taxes are widely used for:
- Financing state expenditures, such as: self-liquidating expenditures, for example: expenditures for productive projects for export goods.
- Financing reproductive expenditures, such as: expenditures that provide economic benefits for the community, for example: expenditures for irrigation and agriculture.
- Financing expenses that are not self-liquidating and non-reproductive, for example: expenses for the construction of monuments and recreational objects.
- Financing unproductive expenses, for example: expenditures to finance national defense or war and expenditures for future savings, namely expenditures for orphans.
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Answer:
The correct answer is C)
Explanation:
A pledge in this context is a vow or a promise to make a donation or give something at a future date. It may be vocalized or communicated in writing.
The Financial Accounting Standards Board (FASB), sets out the criteria for recognizing a pledge or a promise as follows:
- Relevance— If the promise is important enough to make a difference in the users decisions, then it ought to be recognized
- Definitions—If the item satisfies the definition of a component of a financial statement, then it ought to be recognized;
- Dependability— When the pledge is based on a fact that can be recorded, verifiable, and neutral, then it can be recognized
- Measurability— if it allows for measurability, then it should be recognized
It is clearly stated that where the certainty or reliability of a promise or a vow is difficult that measure, it is better to decline from recognizing such a pledge.
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