This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A company has an allowance for uncollectible accounts of 1,000, a positive number, at the end of the ... (Read 67 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
on: Jul 5, 2018
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
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

input accuracy


tsand2

  • Member
  • Posts: 520
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Empathy draws a more positive response from the patient because it is based on the willingness of th Empathy draws a more positive response from the patient because it is based on the willingness of th
Accounts receivable cycle. Accounts receivable cycle.
Electricity production accounts for 25% of greenhouse gas emissions Electricity production accounts for 25% of greenhouse gas emissions
Drawings depicting mitosis in an animal cell with a diploid number of 4 Drawings depicting mitosis in an animal cell with a diploid number of 4
Determination of the Number of Polygenes (n) Determination of the Number of Polygenes (n)
physics question number 5 - moving conductors physics question number 5 - moving conductors
Video: Predator- prey competition and symbiosis

For a complete list of videos, visit our video library