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nika2105 [10]
3 years ago
13

When the allowance method of recognizing uncollectible accounts is used, the entries at the time of collection of a small accoun

t
previously written off that was not expected to be collected
A. Have no effect on the allowance for credit losses.
B. Increase net income.
C. Decrease the allowance for credit losses.
D. Increase the allowance for credit losses.
Business
1 answer:
slavikrds [6]3 years ago
6 0

The allowance method of recognizing uncollectible accounts used is one where there is no effect on net income.

<h3>What is the allowance method?</h3>

This is known as a method that entails the use of or the act of setting aside a kind of reserve for bad debts that are seen or foretell to take place in the future.

The reserve is one that is based on a percentage of the sales gotten in a reporting period, in terms of those adjusted for the risk linked with some customers.

Learn more about allowance method  from

brainly.com/question/6993526

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Where can you find information about the cost of goods sold as well as total
yawa3891 [41]

The adjusted trial balance represents the cost of goods sold as well as total sales. Thus, option D is correct.

<h3>What is the cost of goods sold? </h3>

Cost of goods means the direct cost that is included in the making of the goods. The cost of goods is calculated by adding the purchase price of the commodity and deducting the closing inventory.

A report known as an adjusted trial balance lists all the debit and credit firm accounts exactly as they would appear on the accounting records after reconciliations have been made. Therefore, option D is the correct option.

Learn more about the cost of goods sold, here:

brainly.com/question/14665160

#SPJ1

3 0
1 year ago
7. Which of the following is NOT a function of money * 3 points A Unit of account B Store of value C Protection against inflatio
Nuetrik [128]

Answer:

C Protection against inflation

Explanation:

As we know that there are three functions of money i.e.

1. Unit of account

2. Store of value

3. Medium of exchange

There is only 3 functions of money that are shown above

So the protection against inflation would not be considered for the same

And, these 3 would represent the functions of money and can be treated as the unit of account, store of value and the medium of exchange

Hence, the option c is correct

5 0
3 years ago
The assessed value for your buyer clients' new purchase is $209,000. They feel they got a great deal since they're purchasing th
svlad2 [7]

Answer:

Monthly tax amount = $90.57 (Approx)

Explanation:

Given:

Purchase value = $209,000

Rate = 0.52%

Find:

Monthly tax amount

Computation:

Monthly tax amount = ($209,000 x 0.52%)/12

Monthly tax amount = 1,086.80/12

Monthly tax amount = $90.57 (Approx)

4 0
3 years ago
Workers at a company were assigned to one of two conditions: one group completed a stress management-training program; another g
Sergeu [11.5K]

answer:

Independent Variable: Group that completed the stress management training vs. Group that had no training)

Dependent Variable: Number of sick days

Explanation:

The dependent variables also called Predicated variable is a type of variable that depends on the independent variable which happens as a result of the circumstances surrounding the  independent during an experimental investigations. it also predicts the  outcome resulting from altering the controlled variable. for example in the question, the dependent variable is Number of sick days

The independent variable is the variable the which can be  changed or controlled during an experimental investigation which dependent variable relies on directly. for example from the question, the independent variable is the Group- (Group that completed the stress management training vs. Group that had no training)

8 0
3 years ago
When you sell a home, realtor fees and closing costs are about ____% of what you sell it for.
miv72 [106K]
The answer is about 40% of the closing cost
8 0
3 years ago
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