The Council of Europe is an EU institution
Indicate whether the statement is true or false
False
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Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. On July 10, Gideon received a check for the full amount of $2,000 from Hopkins. On July 10, the entry or entries Gideon makes to record the recovery of the bad debt is:
A.
| Accounts Receivable-A. Hopkins | 2,000 | |
| Allowance for Doubtful Accounts | 2,000 | |
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
B.
| Accounts Receivable-A. Hopkins | 2,000 | |
| Bad debts expense | 2,000 | |
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
C.
| Allowance for Doubtful Accounts | 2,000 | |
| Accounts Receivable-A. Hopkinse | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 | |
| Cash | 2,000 |
D.
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
E.
| Cash | 2,000 | |
| Bad debts expense | 2,000 |
The operating section of the statement of cash flows indicates:
a. the revenues and expenses of the firm's operations before tax. b. the revenues and expenses of the firm's operations after interest and tax. c. the cash generated from the company's main operating activities. d. the cash generated from revenues and expenses in operations. e. None of the answers are correct.
It is necessary to limit return on investment (ROI) analysis to certain training programs as it can be costly.
Answer the following statement true (T) or false (F)
A firm's earnings per share increased from $10 to $12, its dividends increased from $4 to $4.40, and its share price increased from $80 to $100. Given this information, it follows that _________.
A. the stock experienced a drop in its P/E ratio B. the company had a decrease in its dividend payout ratio C. both earnings and share price increased by 20% D. the required rate of return increased