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d. 46) A company has $90,000 in outstandin account for uncollectible accounts. Experience suggests t ng accounts receivable and it uses the allowance method to

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d. 46) A company has $90,000 in outstandin account for uncollectible accounts. Experience suggests t ng accounts receivable and it uses the allowance method to uncollectible. The current balance (before adjustments) in the aflowance for doubtful accounts is ha 4% of outstanding receivables are an Snmdabit The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for: A) $3.600 B) S3,568 C) $2,800 D) $4,400 E) $3,632 47) Refer to the following selected financial information from Frankle Corp. Compute the company's current ratio. Current assets 306,4% Plant assets -388,00 Current Liabilities 107,8 Net sales 676,00 75,000 Net Income E) 6.44 A) 6.27. B) 1.44. 2.84. D) 3.60. 48) Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of S182,000. What is the net book value of this machine? A) S68,000 D) $250,000 C) S200,000 B) $432,000 49) Marlow Company purchased a new equipment on January 1 for $10,000 This equipment has a useful life of 10 years and a salvage value of $1,000. What would be the Ascumulated Depreciation for the second year of its useful life using the Straighline Depreciation Method? D) S1,800 C) $8,200 B) $900 A) $2,000 50) Gross pay is: A) The amount of the paycheck. B) Deductions withheld by an employer. Total compensation earned by an employee before any deductions. D) Take-home pay. E) Salaries after taxes are deducted

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