As of june 30, 2019, great adventures finishes its first 12 months of operations. if suzie wants to prepare financial statements, part of the process would involve allowing for uncollectible accounts receivable. a. suppose suzie estimates uncollectible accounts to be 5% of accounts receivable (which does not include the $5,600 note receivable from myers manufacturing). record the adjustment for uncollectible accounts on june 30, 2019. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
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Business, 21.06.2019 19:30
How can a poor housing market put home buyers in a financially unstable position? a. changing property values means itâs easier to find homes with low rental costs. b. when the home value decreases, property taxes and insurance costs increase. c. houses are valued lower than their purchase prices, so the home equity decreases. d. home buyers lose all tax benefits and tax incentives when the housing market goes down. e. mortgage payments can increase even though the home value decreases.
Answers: 1
Business, 23.06.2019 07:00
An employer takes a deduction from your paycheck for federal taxes. where does this money go? -the money is sent to the federal government to pay for goods and services for the community. -the money is sent to the mayor. -the money is sent to the federal government and deposited in a retirement account. -the money is sent to the social security fund.
Answers: 3
Business, 23.06.2019 23:30
Successful firms focus their efforts on satisfying customer needs that match their core competencies. select one: a. true b. false
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Business, 24.06.2019 00:00
Ellie and linda are equal owners in otter enterprises, a calendar year business. during the current year, otter enterprises has $320,000 of gross income and $210,000 of operating expenses. in addition, otter has a long-term capital gain of $15,000 and makes distributions to ellie and linda of $25,000 each. what is the impact of this information on the taxable income of otter, ellie, and linda?
Answers: 2
As of june 30, 2019, great adventures finishes its first 12 months of operations. if suzie wants to...
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