Answer:
$3,325
Explanation:
Bad Debt Expense = Allowance for uncollectible accounts 2022 - (Allowance for uncollectible accounts 2021 - Written off in accounts receivable
Bad Debt Expense = $4,100 - ($1,400 - $625)
Bad Debt Expense = $4,100 - $775
Bad Debt Expense = $3,325
So, the bad debt expense for 2022 would be $3,325.
paying your bills on time if not your credit will go down
Answer:
c. as a deduction from Stockholders’ Equity
Explanation:
The treatment of the treasury stock in the balance sheet is that it is deducted from the stockholder equity as it shows the buy back position of the common stock
The other things i.e retained earnings, additional paid in capital is to be added as it increased the balance of the stockholder equity
Therefore in the given case, the option C is correct
Its the study of formal validity without a focus on everyday usages of critical thinking