Why do we use the allowance method instead of the direct write off method? Explain the direct write-off method. Why is the allowance method preferred over the direct write off method? Why does the FASB recommend the direct method over the indirect method?
Why is the allowance method the preferred method of recording uncollectible accounts? What is the purpose of the cost of goods sold account? Why would a company prefer valuing inventory using LIFO? Why is materiality allocated only to those accounts that are sampled?
Protein is a structural nutrient used to grow and repair cells, among other things. Protein is only used for energy in the absence of carbohydrates, through a process called gluconeogenesis (which entails the creation of glucose from non-carbohydrate sources). On the other hand, both carbs and ...
There are also generous allowances and deductions, which can reduce the taxable amount. The profits tax rate for corporations is 16.5 percent on profits exceeding HK$2 million (US$255,000). For the first HK$2 million, a two-tiered rate applies: 8.25 percent for the first HK$2 million an...
The government would conduct quarterly auctions. A standard ascending-clock auction in which price is gradually raised until there is no excess demand would provide reliable price discovery. An auction is preferred to grandfathering (giving companies permits based on historical output or emissions), ...
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The results indicated that suicide among doctoral students is closely related to academic pressure, the teacher–student relationship, and the academic environment, reflecting the current condition of China's doctoral tutorial system. This study provides a theoretical basis for society to understand ...
(a) Describe the bad debt expense. (b) Why is this an important expense account for the rules of accrual base accounting? Accounts Receivable and Bad Debts: The term accounts receivable refers to the amount due from customers against which goods are s...
In an effort to deal with these challenges, Ambient Assisted Living (AAL) came into being: ''the use of technology to: extend the time people can live in their preferred environment by increas- ing their autonomy, self-confidence and mobility; support maintaining health and functional capability...
If you receiver can take the 5.1 outputs then that is the preferred route (there is no quality difference between analog 5.1 and HDMI PCM), but if not the S/PDIF still gets you the 5.1 channels, but at potentially lower quality. (Some of the Toshiba second-gen players do not...