An auctioneer who sells goods is likely an agent and independent contractor
a. True
b. False
Indicate whether the statement is true or false
True
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Encouraging customers to switch brands is most likely the objective of ________ advertising
A) informative B) reminder C) covert D) persuasive E) institutional
Property interests are people's right:
a. to deny others the use of "things" in which there is a legal interest b. to obtain property by the claimant process c. to sell property "without preconditions" d. to advertise property e. none of the other choices are correct
Alpha Company's accounts receivable and allowance for doubtful accounts balances were $100,000 and $14,000 (credit) respectively, at the beginning of 2019. During 2019, a customer defaults on a $12,000 balance related to goods purchased during 2017. By the end of the year, the company had made credit sales of $2,400,000 and collected $2,200,000 on account. It now estimates that 1 percent of its credit sales will default. A)Prepare the journal entry to record the write off the bad debt. B)Prepare the adjusting entry to record bad debt expense for 2019. C)What is the net accounts receivable balance at the end of the year?
What will be an ideal response?
An accident-only policy would pay for
A) expenses related to cancer B) expenses related to HIV C) necessary medical care for dismemberment due to a motorcycle accident D) hospitalization due to a heart attack