When using the allowance method, after a company has previously written off an account, ________
A) the company continues to send monthly statements to the customers whose accounts have been written off
B) the company cannot collect from these customers because their accounts have been written off
C) when a customer pays on an account that has been written off, the company needs to reverse the write-off to the Allowance for Bad Debts account and then record the receipt of cash
D) the company does not need to re-establish the receivable account
C
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The driving force behind many business acquisitions is globalization
Indicate whether the statement is true or false
Under the Occupational Safety and Health Act (OSHA), employers must do all of the following EXCEPT
A. fire employees who have been injured or have become ill due to work-related factors. B. keep records of all work-related accidents and injuries. C. inform employees of Occupational Safety and Health Act (OSHA) requirements. D. refrain from disciplining employees who have filed safety complaints with the Occupational Safety and Health Administration (OSHA).
Which of the following laws is primarily concerned with product warranties?
A. Magnuson-Moss Act B. Robinson-Patman Act C. Sherman Act D. Federal Trade Commission Act E. There are no laws regulating product warranties.
In the context of acquiring financial assets, a full-service broker:
A. buys and sells securities for his or her clients but offers few additional services. B. charges commissions but does not charge fees for the services provided. C. charges flat fees of a few dollars per trade for simple transactions. D. identifies good investment opportunities.