Zara's value chain model focuses on two basic rules: "Give customers what they want, and get it to them faster than anyone else."

Assume the following unadjusted account balances at the end of the accounting period for Chocolate Brownie Palace: Accounts Receivable, $90,000; Allowance for Doubtful Accounts, $1,000 (credit balance); and Sales revenue $600,000.

If Chocolate Brownie Palace ages the accounts and determines that $5,000 of receivables may be uncollectible, the adjusting entry should be: Select one: A. Bad Debts Expense 5,000 Accounts Receivable 5,000 B. Bad Debts Expense 4,000 Allowance for Doubtful Accounts 4,000 C. Bad Debts Expense 5,00 Allowance for Doubtful Accounts 5,000 D. Bad Debts Expense 3,000 Allowance for Doubtful Accounts 3,000

Which of the following intangible assets should not be amortized?

a. Copyrights b. Customer lists c. Perpetual franchises d. All of these intangible assets should be amortized.