The expense recognition (matching) principle, as applied to bad debts, requires:

multiple choice

a)that expenses be ignored if their effect on the financial statements is unimportant to users' business decisions.

b)the use of the direct write-off method for bad debts.

c)the use of the allowance method of accounting for bad debts.

d)that bad debts be disclosed in the financial statements.

e)that bad debts not be written off.

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is

Portia grant is an employee who is paid monthly. for the month of january of the current year, she earned a total of $8,388. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year and the fica tax rate for medicare is 1.45% of all earnings. the futa tax rate of 0.6% and the suta tax rate of 5.4% are applied to the first $7,000 of an employee's pay. the amount of federal income tax withheld from her earnings was $1,391.77. what is the total amount of taxes withheld from the portia's earnings?

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25