Which of the following is a required attribute for the image element?

(a) ALT
(b) SRC
(c) BORDER
(d) WIDTH

Ans: (b)

Business

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Which one of the approaches for the allowance method of accounting for bad debts emphasizes the net realizable value of accounts receivable on the balance sheet?

a. The percentage of accounts receivable approach b. The percentage of net credit sales approach c. The direct write-off method d. The uncollectible approach

Business

A company purchases an oil well for $200,000 . It estimates that the well contains 250,000 barrels, has a ten-year life, and has no salvage value. If the company extracts and sells 20,000 barrels during the first year, how much depletion expense should be recorded?

a. $40,000 b. $16,000 c. $20,000 d. $100,000

Business