Accounts receivable had a debit balance of $4,000 at the beginning of the period, and a debit balance of $6,000 at the end of the period. Based on this information, the adjustment to net income for the period will be reported as:
a) an increase of $2,000 which will be subtracted from net income
b) a decrease of $2,000 which will be subtracted from net income
c) an increase of $2,000 which will be added to net income
d) a decrease of $2,000 which will be added to net income
Answers: 1
Business, 22.06.2019 13:00
Explain the relationship between consumers and producers in economic growth and activity
Answers: 1
Business, 22.06.2019 16:30
Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income
Answers: 1
Business, 22.06.2019 20:40
If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.
Answers: 1
Business, 23.06.2019 00:30
How much of your paycheck do you have immediate access to once you deposit it into your bank account a. all of it b. a portion of it c. none of it
Answers: 1
Accounts receivable had a debit balance of $4,000 at the beginning of the period, and a debit balanc...
English, 06.01.2020 18:31
Mathematics, 06.01.2020 18:31
Mathematics, 06.01.2020 18:31
English, 06.01.2020 18:31
Mathematics, 06.01.2020 18:31
Social Studies, 06.01.2020 18:31
Biology, 06.01.2020 18:31
Chemistry, 06.01.2020 18:31
Mathematics, 06.01.2020 18:31
Social Studies, 06.01.2020 18:31
Computers and Technology, 06.01.2020 18:31