Answer:
what do you want me to answer ?
Explanation:
Answer:
-11.43%.
Explanation:
According to the 10Q which is filling by third quarter Chevron Corporation
Net Income Allocate to Chevron corporation diluted per share for 9-months earnings in Q32013 is $8.52
Net Income Allocate to Chevron corporation diluted per share for 9-months earnings in Q32012 is $9.62
So, the change in percentage is
= {(8.52 - 9.62) ÷ 9.62} × 100
= -11.43%
Therefore, the change in percentage for 9-months of diluted EPS from Q32013 to Q32012 is -11.43%.
The financial information Source depicts the Chevron 10Q report on its website.
The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.
<h3>What is
Doubtful Accounts?</h3>
It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."
The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.
Thus, option B is correct.
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Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $2,000
To Accounts receivable-Hopkins $2,000
(Being write off is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done
