The Balances of the Allowance for Doubtful Accounts on the Balance

question 43

Essay

The balances of the allowance for doubtful accounts on the balance sheets dated December 31 of 2017 and 2016 were $21,000 and $14,000, respectively. During 2017, $13,000 of accounts receivable were written off as uncollectible. How much bad debt expense is recognized during 2017?

Understand how computer hardware configurations are stored and managed.

Familiarize with the components of the BIOS and its role in the boot process.

Recognize the types and characteristics of memory used in computing systems.

Define critical boot process terms and their roles in system startup.

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Definitions:

Intangible Assets

Non-physical assets that have value, such as patents, copyrights, trademarks, and goodwill.

Plant Assets

Long-term tangible assets that are used in the production or selling of goods and services and are not intended for sale.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, part of the cash flow statement.

Cash Dividend

A cash dividend is a payment made by a company out of its profits to shareholders in the form of cash, usually on a quarterly basis.