When an account has been written off under the direct write-off method in one period and is collected in a subsequent period, the credit to reinstate the account is made to
a. Accounts Receivable.
b. Bad Debt Expense.
c. Bad Debt Income.
d. Uncollectible Accounts Recovered.
d
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Tidy Limited purchased a new van on January 1, 2018. The van cost $36,000. It has an estimated life of six years and the estimated residual value is $3600. Tidy uses the double-declining-balance method to compute depreciation.What is the adjusted balance in the Accumulated Depreciation account at the end of 2019?
A. $6000 B. $4000 C. $20,000. D. $16,000.
Holding too little inventory ____________ the risk of a stockout.
a. Increases b. Decreases c. Neither increases nor decreases d. Impossible to tell the effect of too little inventory on risk of a stockout
Firms are more capable than markets at coordinating highly complex tasks, while markets are more capable of providing high-powered incentives for entrepreneurship.
Answer the following statement true (T) or false (F)
Islamic law, the legal system influenced by the religion of Islam, is referred to as shari'a
a. True b. False Indicate whether the statement is true or false