The following information is available for Longview Company: Credit sales during 2014 $ 50,000 Allowance for Doubtful Accounts, Dec. 31 . 2013 . 1,800 Accounts receivable written off during 2014 1,900 As a result of a review and aging of accounts receivable, it has been determined that the Allowance for Doubtful Accounts should show a balance of $2,400 at December 31 . 2014 . What amount should
Longview record as bad debt expense for the year ended December 31 . 2014?
a. $2,500
b. $1,300
c. $2,400
d. $3,700
A
You might also like to view...
Each of the following questions names an item. Select the correct description of the item from this list. Indicate your selection by entering the letter of the description. DescriptionsA. Provides preliminary information to investors about an upcoming issue. B. Informs investors of an upcoming offering. C. Required annual filing to the SEC. D. Discloses unscheduled material events. E. Includes amendments to the Securities Act, additional disclosure requirements, and other current issues regarding accounting and auditing principles and standards. F. Results in a thorough examination by the SEC of a registration statement. G. Issued by the staff of the SEC and contains differences that must be corrected in a registration statement before the securities may be offered or sale. H.
Quarterly report to SEC. I. Includes new or revised administrative practices and interpretations used in reviewing financial statements. J. Includes the results of actions taken against accountants or other participants because false or misleading statements were filed. K. Includes Regulations S-X and S-K. Accounting and Auditing Enforcement Releases What will be an ideal response?
In a promotion mix, ________ performs the functions of building a good rapport with entities outside the company, building up a good corporate image, and handling unfavorable rumors and events
A) personal selling B) sales promotion C) direct marketing D) advertising E) public relations
More people fear speaking in public than fear dying
Indicate whether the statement is true or false.
The U.S. Department of Agriculture places mandatory and consistent labeling requirements on ________
A) ready-to-eat meals B) raw fruits and vegetables C) raw seafood D) meat and poultry products