ACT311Quiz2S10Studentdoc

ACT311Quiz2S10Studentdoc - (part)andChapters5,6,7,8 (below)...

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ACT 311 SPRING 2010   QUIZ   2  -  Chapters 4 (part) and Chapters 5, 6, 7, 8 Read the questions on this document (below) and answer them  in the ASSIGNMENTS  section of the Wiley Plus site for this course.   Look for the assignment named  something like  “Quiz 2 S10” 1
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ACT 311 SPRING 2010   QUIZ   2  -  Chapters 4 (part) and Chapters 5, 6, 7, 8 Qz2  01.  Which of the following journal entries is consistent with the “direct write-off” method? A.  debit Bad Debt Expense and credit Accounts Receivable B.  debit Bad Debt Expense and credit  Allowance for Doubtful Accounts C.  debit Allowance for Doubtful Accounts and credit Accounts Receivable.  D.  debit Allowance for Doubtful Accounts and credit Bad Debt Expense Qz2 02.   What is required for retrospective treatment of an income statement error?
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