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uop acc291 week 1 discussions [ 4 discussions ]

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Question;Week One Discussion Questions;?;How would you describe the;entries to record the disposition of accounts receivables? What is their;function?;?;How are bad debts accounted for;under the direct write-off method? What are the disadvantages of this method? 2 diss;?;Pendergrass Company hires an;accounting intern who says that intangible assets should always be amortized;over their legal lives. Is the intern correct? Explain.;?;What are the basic issues;related to accounting for intangible assets? 3 discnn;?;Why would you select the;percentage of sales method for calculating doubtful accounts instead of the;percentage of receivables method?;?;Is it appropriate to use a;hybrid of the percentage of sales and the percentage of receivables methods of;calculating the allowance for doubtful accounts? Do the generally accepted accounting;principles allow for using both methods at the same time? Why? 4 siscunn;?;What is the difference between;revenue expenditures and capital expenditures during a useful life? Are there;similarities? DQ;?;What are the differences;between revenue expenditures and capital expenditures? Explain the entries of;each.

 

Paper#43539 | Written in 18-Jul-2015

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