Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $15,000. If the balance of the Allowance for Doubtful Accounts is $3,000 credit
before adjustment, what is the amount of bad debts expense for that period? A. $15,000 B. $12,000 C. $18,000 D. $8,000
A: $12,000
Get an answer
Original conversation
User: Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $15,000. If the balance of the Allowance for Doubtful Accounts is $3,000 credit before adjustment, what is the amount of bad debts expense for that period? A. $15,000 B. $12,000 C. $18,000 D. $8,000

Weegy: $12,000
piash|Points 2281|

User: Intangible assets A. should be reported under the heading Property, Plant, and Equipment B. should be reported as a separate classification on the balance sheet C. should be reported as Current Assets on the balance sheet D. are not reported on the balance sheet because they lack physical substance

Weegy: Intangible Assets should be reported as a separate classification on the balance sheet.
rachell028|Points 780|

User: Intangible assets are the rights and privileges that result from ownership of long-lived assets that A. must be generated internally B. are depletable natural resources C. do not have physical substance D. have been exchanged at a gain

User: The book value of an asset is equal to the A. asset’s market value less its historic cost B. blue book value relied on by secondary markets C. replacement cost of the asset D. asset’s cost less accumulated depreciation

Weegy: A. asset?s market value less its historic cost
papop|Points 144|

User: Gains on an exchange of plant assets that has commercial substance are A. deducted from the cost of the new asset acquired B. deferred C. not possible D. recognized immediately

Question
Asked 8/4/2012 6:55:58 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,922,658 questions answered
*
Get answers from Weegy and a team of really smart lives experts.
Popular Conversations
6 + (2 + 3) × 5?
Weegy: 2*6+4*5, 12 + 20 = 32 User: 2(5 × 3) + 2(5 × 8) + 2(3 × 8) Weegy: 3/8+2/5 = 15/40+16/40 = 31/40 User: ...
5/22/2018 9:36:32 AM| 2 Answers
Strike-slip fault
Weegy: In a strike-slip fault, the rocks on either side of the fault slip past each other sideways. TRUE.
5/17/2018 3:51:47 PM| 2 Answers
Which is not a responsibility of the president
5/18/2018 10:17:31 PM| 2 Answers
Adverb clauses modify __________.
Weegy: An adverb clause is a dependent clause that acts as an adverb. User: Which sentence correctly forms the ...
5/19/2018 2:53:57 PM| 2 Answers
After the skin is cut and a capillary wall breaks, what's the first ...
Weegy: After the skin is cut and a capillary wall breaks, the first step in working to form a clot is - Platelets clump ...
5/23/2018 5:14:16 PM| 2 Answers
What does velocity mean
5/23/2018 7:13:12 PM| 2 Answers
S
L
Points 226 [Total 237] Ratings 0 Comments 226 Invitations 0 Offline
S
R
L
R
P
R
Points 216 [Total 658] Ratings 0 Comments 26 Invitations 19 Offline
S
L
Points 141 [Total 141] Ratings 0 Comments 21 Invitations 12 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
P
Points 124 [Total 13209] Ratings 0 Comments 114 Invitations 1 Offline
S
Points 30 [Total 30] Ratings 0 Comments 0 Invitations 3 Offline
S
Points 14 [Total 14] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 0 Comments 3 Invitations 1 Offline
S
Points 13 [Total 13] Ratings 0 Comments 13 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
S
L
1
R
Points 11 [Total 1416] Ratings 0 Comments 1 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.