Bad debts on the income statement will always equal the balance ...

[silviawilliams41]

Bad debts on the income statement will always equal the balance in the allowance for uncollectible accounts on the balance sheet.
 
  Indicate whether the statement is true or false

Question 2

For the year ended December 31, Depot Max's cost of merchandise sold was 56,900 . Inventory at the beginningof the year was 6,540 . Ending inventory was 7,250 . Depot Max's number of days' sales in inventory is closestto
 a. 42
  b. 46
  c. 8
  d. 44

[voltaire123]

Answer to Question 1

FALSE

Answer to Question 2

d