For a number of years country a had inflation of 3% but for the last five years has had inflation of 6%. country b had inflation of 4% for many years, but very recently inflation unexpectedly rose to 9%. other things the same, in which of the countries would the higher inflation rate be more likely to reduce unemployment?

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false