Which of the following statements regarding the allowance method of accounting for uncollectible receivables is incorrect? IS
A. Bad debt expense is not estimated.
B. The Allowance for Bad Debts is used to hold the pool of "unknown" uncollectible accounts.
OC. The business does not wait to see which customers will not pay when estimating the allowance for bad debts.
OD. The allowance method is based on the matching principle.

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.

If you miss two payments on a credit card what is generally the penalty

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)