Under GAAP, an entry should be made to the Bad Debt Expense account
a. when an account receivable with terms 2/10, n30 is past thirty days due.
b. when an account receivable previously written off is determined to be collectible.
c. when an account receivable is determined not to be collectible and is written off.
d. in the period when a sale is made and not when the receivable associated with the sale is determined to be uncollectible.
D
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Answer the following statements true (T) or false (F)
1. Accounting firms, building contractors, and healthcare providers use process costing. 2. A job order costing system is used by companies that manufacture batches of unique products or provide specialized services. 3. A process costing system is used when a company produces identical units through a series of production steps. 4. A job order costing system would be appropriate for a manufacturing company that manufactures identical units through a series of uniform production steps. 5. A cost accounting system will assist a manager in determining how many and which products to produce.
Think about the difference between merit and worth, and identify each evaluation question whether it focuses on the evaluand’s merit or worth.
a. Is the firefighters’ rescue simulation program designed with multimedia elements? ______ b. Should the department renew the current license for using the learning management system (hosting option) next year? ______
An indictment is a charge of guilt against the defendant.
Answer the following statement true (T) or false (F)
Those insurance plans offering a preferred provider typically
A) do not provide any reimbursement for participants using non-PPO services. B) provide partial reimbursement for participants using non-PPO services. C) have been forced to provide full reimbursement for non-PPO services under state laws. D) have been forced to provide full reimbursement for non-PPO services under the National Health Maintenance Act.