You have been recently hired as an assistant controller for xyz industries, a large, publicly held manufacturing company. your immediate supervisor is the controller who also reports directly to the vp of finance. the controller has assigned you the task of preparing the year-end adjusting entries. in the receivables area, you have prepared an aging accounts receivable and have applied historical percentages to the balances of each of the age categories. the analysis indicates that an appropriate estimated balance for the allowance for uncollectible accounts is $180,000. the existing balance in the allowance account prior to any adjusting entry is a $20,000 credit balance.

Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.