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Q 11answer the following multiple choice questions with the most correct answer Which of the following entries would be the appropriate entry for writing off
Q 11answer the following multiple choice questions with the most correct answer
Which of the following entries would be the appropriate entry for writing off an uncollectible account receivable under the allowance method? O Dr. Bad Debt Expense Cr. Accounts Receivable O Dr. Sales Cr. Accounts Receivable O Dr. Accounts Receivable Cr. Bad Debt Expense O Dr. Allowance for Doubtful Accounts Cr. Accounts Receivable ogress Accounts receivable are reflected on the statement of financial position at the carrying amount which is O accounts receivable plus allowance for doubtful accounts. O accounts receivable less allowance for doubtful accounts. O accounts receivable plus bad debt expense. O accounts receivable less bad debt expense. Comprehensive income is equal to O net income minus other comprehensive income. O net income plus other comprehensive income. O gross profit plus other comprehensive income. O gross profit minus other comprehensive income. Craft Co. had the following activity during 2020: Net Income $50,000 Cash Receipts from customers $1,750,000 Cash Payments to suppliers $1,050,000 Depreciation Expense $35,000 Cash Payments for operations $640,000 What was the cash flow from operating activities? O $25,000 O $50,000 O $ 60,000 O $ 95,000 Factors that are indicative of a service warranty include all of the following except for O the warranty is legally required. O the warranty's price is negotiated separately. O the warranty is considered to be a separate performance obligation O warranty coverage period is longer
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