With the direct write-off method, writing off an account receivable is an asset use transaction.
Answer the following statement true (T) or false (F)
True
Using the direct write-off method, a write-off decreases assets (accounts receivable) and decreases stockholders' equity (retained earnings. It increases expenses (uncollectible accounts expense), which decreases net income.
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If our research objective is to determine relationships, we should use the relationship type of data analysis
Indicate whether the statement is true or false
For products designed for business markets, market testing is ________.
A. insignificant in the new-product development process B. larger in scope and involves more individuals and companies C. not conducted for sustainable innovations D. smaller in scope and involves fewer individuals and companies E. identical to the testing in B2C market
A review of the 2018 tax file of Gregory, a single taxpayer who is age 40, provides the following information regarding Gregory's 2018 tax status:
Adjusted gross income $40,000
Medical expenses (before percentage limit) $5,000
Itemized deductions other than medical $10,200
2018 potential standard deduction $12,000
In 2019, Gregory receives a reimbursement for last year's medical expenses of $1,200. As a result, Gregory must
A) include $200 in gross income for 2019.
B) include $1,200 in gross income for 2018.
C) reduce 2018's medical expenses by $1,200
D) amend the 2018 return.
Incentive plans usually tie management compensation to ________
A) share price B) dividends C) coupon payments D) inventory turnover