Using the allowance method, the uncollectible accounts for the year is estimated to be $28,000. If the balance for the Allowance for Doubtful Accounts is a $7,000 credit before adjustment, what is the balance after adjustment?

A stop order is a special form of limit order; it is an order to execute a transaction when the stock price reaches a specified level

Indicate whether the statement is true or false.

Barney is a full-time graduate student at State University. He serves as a teaching assistant for which he is paid $700 per month for 9 months and his $5,000 tuition is waived. The university waives tuition for all of its employees. In addition, he receives a $1,500 research grant to pursue his own research and studies. Barney's gross income from the above is:

a. $0. b. $6,300. c. $11,300. d. $12,800. e. None of these.