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QUESTION 9 The reason why allowance for doubtful accounts in offset against A/R in the asset section of the balance sheet. A. Comparability B. Matching
QUESTION 9 The reason why allowance for doubtful accounts in offset against A/R in the asset section of the balance sheet. A. Comparability B. Matching OC. Going Concern D. Revenue Recognition QUESTION 10 At the end of a year it is determined that Ending Inventory is understated by $10,000. What is the incremental impact on net income of this error NEXT year. If so, write "O". If you answer was overstated 10,000 you'd write 10,000. If understated 10,000 you'd record -10,000. QUESTION 11 To answer questions 11-14 please refer to the following information: The accountant for Taylor Kettman Company made the following adjusting entries on December 31, 2020 Prepaid Rent...... - $1,900 Rent Expense $1,900 (b) Advertising Materials.............. $1,700 Click Save and Submit to save and submit. Click Save All Answers to save all answers
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