Variance reports are: internal reports for management external financial reports sec financial reports all of these

Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,200 uncollectible account of its customer, a. hopkins. on july 10, gideon received a check for the full amount of $2,200 from hopkins. the entry or entries gideon makes to record the write off of the account on may 3 is:

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

Because the demand for wheat tends to be inelastic. true or false