Answer:
The correct answer is letter "A": One method requires writing off of uncollectible accounts and the other does not.
Explanation:
Both the allowance method and the direct write-off method are useful to adjust uncollectible accounts receivable on the Balance Sheet. The <em>allowance method of accountin</em>g records an estimate of bad debt expenses in a reserve account called the allowance account. Under this method, the net realizable value is reported on the balance sheet. Generally Accepted Accounting Principles rule the allowance method of accounting.
On the other hand, the <em>direct write-off method</em> charges an expense when there is enough reason to believe that an invoice will not be made.
Thus, <em>the least important difference between the two methods of accounting relies on the fact that there are no write-offs in the allowance method of accounting but there are on the direct write-off method.</em>
Answer:
C
A
Explanation:
1. c. To inform a customer about a recall
2. a. To retain the customer’s goodwill
Answer:
Why are indexing rules important when filing names alphabetically? ... Written rules provide a guide to a filer for determining the indexing units consistently. If filing is performed consistently and fast, accurate retrieval is more likely in an alphabetic file
Explanation:
hope this helps!!
Answer:
A. Social facilitation
Explanation:
Social facilitation refers to the improvement in an employee's performance when working with friends and people in general over working alone. It involves the improvement in work by the mere presence of others. The improvement of the employee's performance has nothing to do with special training and the likes. It just involves allowing the employee to work with others rather than being alone. It points to the school of thoughts that people are motivated in working together rather than working alone. In this case, Hilary is placed in a team to work with her friend and others which has lead in the improvement of her performance.
Answer:
(B) The firm issued common stock in 2018
Explanation:
Given that the firm's common stock doubled from $1,000 to $2,000 from 2017 to 2018, it is reasonable to assume that the firm issued common stock in 2018.
Option A is incorrect as the firm's net income was likely lower and, more likely, negative in 2018. A decline in retained earnings from 2017 to 2018 by $340 suggests that the firm likely made a net loss of $340 in 2018.
Option C is incorrect because market prices of a firm's own common stock are not accounted for in its shareholders' equity. Only the book value are account for.
Option D is incorrect because the net income in 2018 was likely negative due to the year-on-year decline in the retained earnings
Option E is incorrect as we cannot ascertain it the firm has more equity than debt because sufficient information to reach that conclusion was not provided.
