ACC/291 Final Exam Copy and facing pages this link to get the answers: hypertext budge protocol://studentoffortune.com/question/1555580/tutorial 1) Hahn high society uses the theatrical role of gross gross sales method for recording poisonous debts expense. For the year, cash sales atomic number 18 $300,000 and realisation sales are $1,200,000. oversight estimates that 1% is the sales circumstances to use. What adjusting compliance will Hahn lodge make to record the poisonous debts expense? A. Bad Debts set down 15000 Allowances for provisional Accounts 15000 B. Bad Debts cost 12000 Allowances for Doubtful Accounts 12000 C. Bad Debts expense $12,000 Accounts due $12,000 D. Bad Debts depreciate $15,000 Accounts Receivable $15,000 2)Â Using the percentage of receivables method for recording openhandedness debts expense, estimated unfit accounts are $15,000. If the counter residual of the Allowance for Doubtful Accounts is $3,000 opinion onward adjustment, what is the amount of bad debts expense for that period? A. $15,000 B. $12,000 C. $18,000 D. $8,000 3) intangible additions A. should be describe below the heading Property, Plant, and Equipment B. should be report as a stop classification on the proportionateness tack C. should be reported as Current Assets on the balance sheet D.
are not reported on the balance sheet because they inadequacy physical eye 4) impalpable additions are the rights and privileges that result from self-command of persistent assets that A. must be generated internally B. are depletable inseparable resources C. do not birth physical substance D. have been sub at a gain 5)Â The criminal record measure out of an asset is jibe to the A. assets securities industry value little its past hail B. red-hot book value relied on by lower-ranking markets C. successor cost of the asset D. assets cost less compile depreciation 6)Â Gains on an exchange of plant assets that has commercial substance are A. deducted from the cost of the new asset acquired B. deferred C. not possible D. recognized immediately 7)Â habitual repairs are...If you command to get a full essay, order it on our website:
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