On december 31, 2018, andy inc has a debit balance of $1500 for the allowance for uncollectible accounts before any year-end adjustments. andy inc. also has the following information for its account receivable and estimated percentages for bad debts for different past due amounts: age group (days past due) accounts receivable estimated percent uncollectible 0-30 $50,000 5% 31-60 $20,000 10% 61-90 $10,000 20% what is the amount of bad debt expense to be reported on andy inc's financial statements for 2018 using the aging method? a. s1.500 b. $8,000 c. $6.500 d. $5,000

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)