Acc 291 Final Exam - Go to the Link to Get the Answers

ACC/291 Final Exam Copy and paste this link to transmit the answers: hypertext transfer protocol://studentoffortune.com/question/1555580/tutorial 1) Hahn Company uses the dowry of gross sales method for recording bad debts expenditure. For the year, gold sales atomic number 18 $300,000 and credit sales be $1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting deference will Hahn Company make to record the bad debts expense? A. Bad Debts Expense 15000 Allowances for provisional Accounts 15000 B. Bad Debts Expense 12000 Allowances for equivocal Accounts 12000 C. Bad Debts Expense $12,000 Accounts due $12,000 D. Bad Debts Expense $15,000 Accounts receivable $15,000 2) Using the percentage of receivables method for recording bad debts expense, estimated modify accounts are $15,000. If the vestibular sense wheel of the Allowance for Doubtful Accounts is $3,000 credit in front adjustment, what is the amount of bad debts ex pense for that period? A. $15,000 B. $12,000 C. $18,000 D. $8,000 3) Intangible additions A. should be reported under the heading Property, Plant, and Equipment B. should be reported as a separate classification on the balance pall C. should be reported as Current Assets on the balance sheet D.

are not reported on the balance sheet because they inadequacy physical substance 4) Intangible summations are the rights and privileges that result from ownership of persistent additions that A. must be generated internally B. are depletable natural resources C. do not build physical substance D. have bee n exchanged at a gain 5) The book value ! of an asset is equal to the A. assets market value less its historic hail B. red-hot book value relied on by alternative markets C. successor woo of the asset D. assets cost less compile depreciation 6) Gains on an exchange of specify assets that has commercial substance are A. deducted from the cost of the new asset acquired B. deferred C. not possible D. recognized immediately 7) Ordinary repairs are...If you overleap to get a full essay, order it on our website: OrderCustomPaper.com

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