The allowance for uncollectible accounts is a(n) ________
A) contra-expense account
B) contra-revenue account
C) contra-asset account
D) expense account
C
Business
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On January 1, 2015, Ward Corporation issued $5,000,000 8%, 10-year bonds at 103. The journal entry to record the issuance will show a
A. credit to Cash for $5,150,000 B. credit to Bonds Payable for $5,030,000 C. credit to Premium on Bonds Payable for $150,000 D. debit to Cash of $5,000,000
Business
When Carrie hosts a party for Mark cosmetics and invites her friends and relatives in an effort to encourage them to purchase some Mark products, it is which method of direct response marketing?
A) trawling B) direct sales C) permission marketing D) a frequency program
Business