Accounts receivable had a debit balance of $10,000 at the beginning of the period, and a debit balance of $6,000 at the end of the period.
Based on this information, the adjustment to net income for the period will be reported as:
A) an increase of $2,000 which will be subtracted from net income
B) a decrease of $2,000 which will be subtracted from net income
C) an increase of $2,000 which will be added to net income
D) a decrease of $2,000 which will be added to net income
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Accounts receivable had a debit balance of $10,000 at the beginning of the period, and a debit balance of $6,000 at the end of the period. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A client in an acute care facility is assigned a case manager to oversee and coordinate care. What important function does a case manager have?
Answers (1)
U. S. car dealers sell both used and new cars each year. However, only the sales of the new cars count toward GDP. The sale of used cars does not count because: a. the car had been previously counted in the GDP of the year it was built. b.
Answers (1)
A federally funded research study involving children 8 to 12 years old involves collecting a single voided urine sample to assess the frequency of asymptomatic proteinuria (higher amounts of protein in the urine without any signs or symptoms of
Answers (1)
You want to be a millionaire when you retire in 40 years. you can earn a 12.5 percent annual return How much do you have to save each month if you can earn an annual return of 9.7 percent
Answers (1)
A production method that relies on large quantities of machines and equipment and smaller quantities of labor is referred to as a: a) variable-input-intensive method of production. b) labor-intensive method of production.
Answers (1)
New Questions in Business
What primary economic activities are associated with making jeans?
Answers (1)
Bricker enterprises purchased a machine for $207,000 on october 1, 2018. the estimated service life is ten years with a $20,500 residual value. bricker records partial-year depreciation based on the number of months in service.
Answers (1)
What are two specific steps Chuck and Wendy could take to increase their net worth in the next year?
Answers (1)
Luthan Company uses a predetermined overhead rate of $23.40 per direct labor-hour. This predetermined rate was based on 11,000 estimated direct labor-hours and $257,400 of estimated total manufacturing overhead.
Answers (1)
Melanie Summer spoke to an investor who is interested in her business idea. Melanie offered to send the investor a copy of her full business plan, but the investor asked for a short overview of the business plan instead.
Answers (1)