Answer:
mutual funds
Explanation:
Vested funds are tax-exempt until retirement, but non-vested funds are not.
Vested funds do not belong to the employee until after a set period, but non-vested funds immediately belong to the employee.
Vested funds belong to the employee even if employment ends but non-vested funds do not.
B) watch the reruns during the summer
C) subscribe to the cheapest cable tv package D) subscribe to cable tv and split the cost with a friend
The correct answer would be :
The Four C's Of Lending
Answer:
I believe it means basic wants are things like foods, clothes etc while secondary wants is less nessesary like movie tickets etc
Explanation:
Answer:
'Bad debts write off' AND 'Recovery of Bad debts written off'
Explanation:
The Journal entry to write off a bad account affects only balance sheet accounts:
a debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable.
No expense or loss is reported on the income statement because this write-off is "covered" under the earlier adjusting entries for estimated bad debts expense.
HOWEVER in scenario 2 where transaction involves a cashflow, it is a bad debt recovered transaction because upon recovery of bad debt previously written off
a debit to CASH and credit to Bad debts recovered account
Answer:
The first transaction should be to write-off of an uncollectible account (or bad debt), while the second transaction refers to the collection of a previously written-off bad debt.
Explanation:
The journal entry to record the write-off of an uncollectible account:
Dr Bad debt expense
Cr Allowance for uncollectible accounts
Allowance for uncollectible accounts is a contra asset account that reduces accounts receivable.
The journal entries to record the collection of a bad debt:
Dr Accounts receivable
Cr Bad debts expense
Dr Cash
Cr Accounts receivable
The collection of the previously written off bad debt increases cash flows.