Financial Accounting Discussion Questions

Dec 8th, 2014
Business Finance
Price: $10 USD

Question description

**does not need to be in APA or no min word count**

DQ# 1

  • How are bad debts accounted for under the direct write-off method?  What are the disadvantages of this method?
  • Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method?  What are disadvantages and advantages of each of these methods of accounting for bad debts?

  • What are the basic/important issues related to accounting for intangible assets?
  • Pendergrass Company hires an accounting intern who says that intangible assets should always be amortized over their legal lives. Is the intern correct?  Explain why (or why not).

Tutor Answer

(Top Tutor) unicew
School: Rice University

Studypool has helped 1,244,100 students

Review from student
" Thanks, good work "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1819 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors