Domino company uses the percent of receivables method to estimate uncollectible accounts expense.
domino began 2016 with balances in accounts receivable and allowance for doubtful accounts of $76,500 and $5,800, respectively.
during the year, the company wrote off $4,640 in uncollectible accounts.
in preparation for the company's 2016 estimate, domino prepared the following aging schedule: number of days past due receivables amount % likely to be uncollectiblecurrent $ 104,000 1%0-30 45,000 5%31-60 9,920 10%61-90 4,440 25%over 90 3,800 50%total $ 167,160 what will domino record as uncollectible accounts expense for 2016? a)$6,132b)$1,512c)$7,292d)$4,640

1. the corporate form of business organization has an advantage over both the sole proprietorship and the general partnership in ease of 2. the corporate form of business organization has an advantage over both the sole proprietorship and the general partnership in external liability for business 3. a partnership is an association of two or more persons to carry on as co-owners a business for 4. any one partner may be held liable for the entire indebtedness of the 5. a limited partner is liable for the partnership debt only to the extent of her capital 6. a person may be a partner even though he has no authority to conduct the ordinary activities of the 7. a partner may withdraw his capital contribution without the consent of all the 8. when a partner sells his interest in the partnership, the buyer becomes a new 9.every partner owes a duty of good faith, fairness, and loyalty to the other 10. a partner who fails to use ordinary care and skill in discharging assigned duties will be personally liable to the partners for any resulting loss.