An unsecured loan is loan that requires collateral
Indicate whether the statement is true or false
False
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Investments in trading securities are accounted for using the equity method with consolidation.
Answer the following statement true (T) or false (F)
The 2013 year-end balance in Accounts Receivable, Gross, for Healthy Lawn Maintenance is $1,085,000 An aging of these accounts receivable shows that the estimated uncollectible amount is $24,200 . Before aging the accounts, the Allowance for Uncollectibles has a debit balance of $15,000 from writing off actual accounts during 2013 . Healthy Lawn Maintenance would record the following adjusting
entry at the end of 2013 to obtain a credit balance in the Allowance for Uncollectibles of $24,200: a. Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,200 Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,200 b. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,200 Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,200 c. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,200 Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,200 d. Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,200 Allowance for Uncollectibles . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . 39,200 e. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000 Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000
The arrangements between buyer and seller as to when payments for merchandise are to be made are called
A) credit terms B) net cash C) cash on demand D) gross cash
A service blueprint displays which of the following?
a. Activities between the service provider and customer b. Noncontact activities that do not involve the customer c. Both activities between the service provider and customer and noncontact activities that do not involve the customer d. Neither activities between the service provider and customer nor noncontact activities that do not involve the customer