This topic contains a solution. Click here to go to the answer

Author Question: A company has an allowance for uncollectible accounts of 1,000, a positive number, at the end of the ... (Read 25 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
A company has an allowance for uncollectible accounts of 1,000, a positive number, at the end of the year, before the adjusting entry is made to record this year's bad debts expense. The allowance account has a positive balance because ________.
 
  A) the allowance always has a positive balance
  B) the allowance created at the end of last year was too small to cover all of the accounts written off this year
  C) the allowance created at the end of last year was larger than the total of all of the accounts written off this year
  D) the balance in the allowance must always equal bad debts expense for the year.

Question 2

A missing data field on a source document or computer screen is an example of an error that could undermine the achievement of the control goal of ensure ___________________ ___________.
 Fill in the blank(s) with correct word



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

B

Answer to Question 2

input accuracy




tsand2

  • Member
  • Posts: 520
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review


emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

For a complete list of videos, visit our video library