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(solution)- ACC 291 - PRINCIPLES OF ACCOUNTING II Week 1 DQ


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The Question

  • Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method, or vice versa?
  • What are the basic issues related to accounting for intangible assets?

 


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(solution)- ACC 291 - PRINCIPLES OF ACCOUNTING II Week 1 DQ.zip

ACC 291 - PRINCIPLES OF ACCOUNTING II Week 1 DQ

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  • Why would you xxxxxx the percentage xx sales xxxxxx for calculating doubtful accounts xxxxxxx xx the percentage xx xxxxxxxxxxx xxxxxxx xx xxxx versa?
  • What xxx the xxxxx issues xxxxxxx xx accounting for intangible xxxxxxx

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xxx would xxx xxxxxx xxx xxxxxxxxxx xx xxxxx xxxxxx for xxxxxxxxxxx xxxxxxxx xxxxxxxx instead xx the xxxxxxxxxx of receivables method, or vice versa?

 

ANSWER 1

 

The percentage xx sales method xxxx commonly xx used x estimate xxx xxxxxxxx receivable xxxx x xxxxxxxx expects will xx xxxxxxxxxxxxxxx xxxxxxxxxx xxxx use past xxxxxxxxxx data to estimate what xxxxxxx of the xxxxxx xxxxx xxxx will xx unpaid. xxx xxxxxx xx this estimated xxxxxxx represents doubtful xxxxxxxxx xxxxx xxxxx xxxxxx xx x separate xxxxxxx xxx their xxxxxx keeping until it is xxxxxxx off xx a specific account receivable. xxx xxxxxx xx doubtful accounts that are estimated each period xxxx reduce xxxxxx as x bad xxxxx xxxxxxx on xxx xxxxxx statement.

 

 

xxx xxxxxxxxxx xx receivables xxxxxx is x xxxxxxx xxxxx approach xx xxx xxxxxx xxxx will calculate xxx xxxxx as x xxxxxxxxxx of ending xxxxxxxx receivable and is usually xxxx xxxxx x xxxxxxxxx xxxxxx xxxxx of accounts xxxxxxxxxxx xxxxxx the xxxxxxxxxx xx xxxxx xxxxxxx xxxx

 

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This paper was answered on 19-Jul-2017

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Jul 19, 2017

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