Allowance for doubtful accounts is a liability account.

a. True

b. False

Mrs. watson believes that all immigrants should go back to the country they came from, and she refuses to hire any for her floral business. this is an example of:

A company currently has no items in inventory. The demand for the next four months is 200, 400, 250, and 350 units.

Juan wants to deposit $700 into savings accounts at three different banks: bank of chance, merchant bank, and utopian financing. he will deposit four times as much into merchant bank as bank of chance because they offer a higher interest rate.

The cost of $500,000 worth of 15-year term life insurance for Audrey is $28.44 per month. If Audrey's employer covers 75% of this cost, how much is deducted from Audrey's gross income per year for life insurance?

1. Calculate owners' equity. Pasta Enterprises has $42,000 in cash, $20,000 in inventory, $17,000 balance due to creditors, and $21,000 balance due from customers. What is the amount of owners' equity?

Under ASC 606, the transaction price generally should be adjusted for the effect of the time value of money when A. A royalty contract with a distribution in which the consideration to be received depends on sales to end customers. B.

ALT Inc. conducts periodic reviews of the distribution of pay and the favorable outcomes granted to employees, such as promotions and increased office space.

If total liabilities increased by $6,000 and the assets increased by $8,000 during the accounting period, what is the change in the owner's equity amount? A. Decrease of $2,000 B. Decrease of $2,000 C. Increase of $10,000 D. Decrease of $10,000

You are invited to go to the mall with a new group of friends from school. you don't know them that well, but are excited that they included you in their plans.

Suppose hypothetically that you buy a lot of food such as tofu, veggie burgers, and organic fruit that are not included in the market basket used to compute the CPI.