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 68 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
:D TYSM

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Meiosis Accounts for Independent Assortment of Alleles p2 Meiosis Accounts for Independent Assortment of Alleles p2
Part A - Calculating the expected number of each phenotype Part A - Calculating the expected number of each phenotype
Nonverbal communications convey strong, powerful messages that may be negative or positive. Nonverbal communications convey strong, powerful messages that may be negative or positive.
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
What is the minimum number of straight, continuous lines that are necessary to c What is the minimum number of straight, continuous lines that are necessary to c
Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ... Directions: Fill in the correct number or word(s). Order: Lantus U-100 insulin 68 units subcut ...
Video: Miller's reaction chamber experiment Animation

For a complete list of videos, visit our video library