Ask Question
BusinessBusiness
8 January, 07:43

When using the analysis of receivables method for estimating uncollectible receivables, the amount computed in the analysis is usually the amount that would be recorded in the end-of-period adjusting entry. A. True. B. False

+4
Answers (1)
  1. 8 January, 08:05
    0
    A) True

    Explanation:

    When you use the analysis of receivables method for estimating uncollectible receivables you will use the age of the accounts receivables in order to determine whether or not they should be considered bad debt. Usually the company establishes a threshold, e. g. 6 months, and all the accounts receivables that have not been collected by that threshold are classified as estimated bad debt.

    Under this method, estimated bad debts should equal the adjusted balance for allowance of doubtful accounts.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When using the analysis of receivables method for estimating uncollectible receivables, the amount computed in the analysis is usually the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
An individual investor who wishes to borrow money to buy stocks must open a A) signature account. B) margin account. C) joint account. D) custodial account.
Answers (1)
When you are creating Internet ads, what is something you should try to avoid? Question 12 options: Advertising on social networking sites Irritating or annoying viewers Turning clicks into sales Getting too many search engine ads
Answers (2)
During the Renaissance, sauces become- A. heavier & richer & individual dishes become more complicated B. heavier & richer & individual dishes were streamlined C.
Answers (1)
In an economy where heating oil is the primary source of heat for most households, new supplies of natural gas, a substitute for heating oil, are discovered. Natural gas provides heat at a much lower cost.
Answers (1)
David Spear invested $14,000 today in a fund that earns 10% compounded annually. Click here to view factor tables To what amount will the investment grow in 4 years?
Answers (1)
New Questions in Business
Examples of transaction costs include (check all that apply) : A. the cost of the externality. B. the cost of monitoring an agreement. C. the cost of drafting a contract or agreement. D.
Answers (1)
Josh, Inc. is faced with the choice of either producing a newly designed product, XX-30, to stock in anticipation of demand or to customer order. The demand for the product is expected to be 5,000 units per week.
Answers (1)
Gwen is a psychologist who maintains an office in a professional suite. She often spends time doing paperwork and scheduling in her home officeWhich of the following is true?
Answers (1)
A certificate of deposit will often result in a penalty for withdrawing funds before the maturity date. If the penalty involves two months of interest, what would be the amount for early withdrawal on a $20,000, 4 percent CD?
Answers (1)
Androscoggin Copper can grow at 5% per year for the indefinite future. It's selling at $100, and next year's dividend is $5.
Answers (1)
Home » Business » When using the analysis of receivables method for estimating uncollectible receivables, the amount computed in the analysis is usually the amount that would be recorded in the end-of-period adjusting entry. A. True. B. False
Sign Up Forgot Password?