Under the direct write-off method, when an account receivable is written off in one accounting period and is collected in the following accounting period, which of the following would be included in the journal entry?
a. debit Accounts Receivable
b. credit Bad Debt Expense
c. credit Cash
d. credit Accounts Receivable
a
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The Shane Company began business early in 2016, when Shane paid an initial fee of $100,000 to purchase a franchise. In forming the company, Shane also spent $11,000 on legal fees and $4,500 on accounting fees. During the year, Shane spent $7,500 on product development and paid $10,000 in continuing franchise fees. What amount should Shane capitalize for intangible assets in 2016?
A) $100,000 B) $115,500 C) $123,000 D) $133,000
A sequence of connected, dependent activities is termed a(n)
A. Parallel path. B. Path of events. C. Dependent chain. D. Activity chain. E. Path.
Power refers to which of the following?
a. senior executives who can introduce you to other powerful people b. people who have the ability to fund your project c. experts in the field d. the ability that you have to convince others of your endeavor.
The "tequila effect" is a slang term used to describe a form of financial panic called:
A) run on the market. B) speculation. C) contrary investing. D) contagion.