Business, 02.11.2019 07:31 camidevecchis15

"which one of the following statements is true?
a. bad debts expense is a real account and remains open at the end of the fiscal period, while allowance for doubtful accounts is a nominal account and is closed at the end of the fiscal period.
b. bad debts expense and allowance for doubtful accounts are both nominal accounts and are closed at the end of the fiscal period.
c. bad debts expense and allowance for doubtful accounts are both real accounts and neither are closed at the end of the fiscal period.
d. bad debts expense is a nominal account and is closed at the end of the fiscal period, while allowance for doubtful accounts is a real account and remains open at the end of the fiscal period."

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 03:40

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

Answers: 2

Answer

Business, 22.06.2019 11:40

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.

Answers: 2

Answer

Business, 22.06.2019 18:00

Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to:

Answers: 2

Answer

Business, 22.06.2019 20:00

Later movers do not face: entrenched competitors. reduced uncertainty over technologies. high growth markets. lower market uncertainty.

Answers: 3

Answer

You know the right answer?

"which one of the following statements is true?
a. bad debts expense is a real account and r...

Questions