What about bad debts? Should you make similar adjustments in the cash flow statement for them? Why/why
Question:
What about bad debts? Should you make similar adjustments in the cash flow statement for them? Why/why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
A bad debt that is writtenoff represents an expense ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
Question Posted:
Students also viewed these Business questions
-
Case Swimmers Headphones1 Finally! Its the end of 2019 and you are sitting at your new desk in a plush office in north Bogota, with a delicious cup of Colombian coffee. You think about all it took to...
-
The partner in charge of the Kappeler Corporation audit comes by your desk and leaves a letter he has started to the CEO and a copy of the cash flow statement for the year ended December 31, 2019....
-
The first facet of a business that requires definition is the business itself. For the entrepreneur, this should be a straightforward solution to some kind of problem. The solution itself may...
-
Each team member is to become an expert on one depreciation method to facilitate teammates' understanding of that method. Follow these procedures: a. Each team member is to select an area of...
-
How can acquiring firms increase the likelihood of a successful integration of an acquired firm?
-
P16-4A Financial institutions hold large quantities of bond investments. Suppose Goldman Sachs purchases $800,000 of 8% bonds of Xerox Corporation for 92 on January 31, 20x0. These bonds pay interest...
-
Those who use their cell phones for a wide variety of activities are more likely to use the Internet to find health information, but perhaps this is only because of age (younger people are more...
-
Ralston Gourmet Foods Inc. earned $360 million last year and retained $252 million. What is the payout ratio?
-
CALCULATOR PRINTER VERSION Durg Ucu, 22,343 UTC Were S . Hyayar uses a pencil Hvernory Syscem. (a) Your answer is correct. Determine the cost of goods available for sale. Cost of goods available for...
-
You are required to draw up a statement of cash flows for K. Rock for the year ending 30 June 2017 from the following information using the IAS 7 layout. K. Rock Statement of Profit or Loss for the...
-
From the following details you are to draft a statement of cash flows for D. Duncan for the year ending 31 December 2015, using the IAS 7 layout. D. Duncan Statement of Profit or Loss for the year...
-
A firm of public accountants has for years been auditing the accounts of a charitable organization without charge. It now appears that the treasurer of the organization has absconded with a sizeable...
-
Show that the scalar $K$, which, according to Eq. (5.366), is constructed from the extrinsic curvature as $K=g^{\mu v} K_{\mu u}$, is equal to the covariant divergence of the normal vector field,...
-
An aircraft is in flight, and its \(\mathrm{TAS}=220 \mathrm{~m} / \mathrm{s}\). The ambient temperature is \(T=253 \mathrm{~K}\). What is the stagnation temperature on its leading edge?
-
A diver's watch resists an absolute pressure of 5.5 bar. At an ocean having density of \(1025 \mathrm{~kg} / \mathrm{m}^{3}\) and exposing an atmospheric pressure of \(1 \mathrm{bar}\), what depth...
-
Estimate TAS if an aircraft is at ALT \(=9500 \mathrm{~m}\) and its Mach number \(M\) is 0.5 .
-
The Mach number of an aircraft is \(M=0.9\), and the local temperature is \(T=-10^{\circ} \mathrm{C}\). What is its airspeed?
-
1. Bryer purchased a suburban home. At the time of the sale, the real estate salesperson pointed to a decorative stone fence as the boundary of the property. Because Bryer had several dogs he wanted...
-
Which of the following is FALSE regarding the purchasing power parity (PPP). a. The PPP is a manifestation of the law of one price b. The PPP says that a country with a higher expected inflation can...
-
Your company BMG Inc. has to liquidate some equipment that is being replaced. The originally cost of the equipment is $120,000. The firm has deprecated 65% of the original cost. The salvage value of...
-
1. What are the steps that the company has to do in time of merger transaction? And What are the obstacle that may lead to merger failure? 2.What are the Exceptions to not to consolidate the...
-
Problem 12-22 Net Present Value Analysis [LO12-2] The Sweetwater Candy Company would like to buy a new machine that would automatically "dip" chocolates. The dipping operation currently is done...
Study smarter with the SolutionInn App