that some of its accounts receivable will not be collected. It will debit Bad Debt Expense and credit Allowance for Uncollectible Accounts. This will result in reduction of “Current Assets” on balance sheet. Income Statement: This will also result in an expense on the income statement (Earlier than it would have been under direct write-off). This will reduce the Net Income by the Bad Debt Allowance Amount. If the Bad Debt allowance is not in line with the actual write-offs trend in previous periods
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The government is in debt‚ not just the U.S government‚ but the people are in debt too. They expect us the pay the slack of what the big rich corporations that use to pay. Until president Ronald Reagan; screw us over with a bill he passed. They use to pay about thirty percent of taxes now they just pay like five percent. We the people need to try to stop spending what is not worth while. We need the rich and big companies need to pay more taxes because the middle and poor don’t have money to pay
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Interpreters’ and Translators’ department Do the Press Have Too Much Freedom? Freedom of expression has always been emphasized as an essential basis for the democratic functioning of a society. The reasons for this are: the right of an individual to self-fulfillment‚ which right requires the communication of thought and an attempt which is frustrated if information is suppressed or comment blocked. For this we need press and it has to be free for being unbiased. Newspapers is an
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Garibaldi Soewondo 107646 “All the Third World Debt Advanced by the Developed Countries should be Cancelled Immediately” Introduction In the late of twentieth century‚ the worldwide has spread with the political and economic liberalism. There is no single country would be able to survive without being engaged with global economic system. The developing countries are encouraged to liberalize and open their market. A country which isolated from the global economic system would find itself in
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The International Debt Crisis What is International Debt? Like individuals and families who borrow money to pay for a house or an education‚ countries borrow money from private capital markets‚ international financial institutions‚ and governments to pay for infrastructure such as roads‚ public services‚ and health clinics; to run a government ministry; or even to purchase weapons. Also like individuals‚ countries must pay back the principal and interest on the loans they take out. But there are
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Is there too much explicit sex on T.V? Over the past century‚ television has changed quite alot. Contents that was once seen as being inappropriate and outrageous‚ is now on everyday television. Recently‚ sex has become the main focus on our television screens. Many people think it is bad for young people’s health but others may say it is an appropriate way of advertising and attracting viewers and readers. Sexual scenes and images can lead people to a very wrong conclusion of how they should
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investment. Investment has risen as a share of gross domestic product to 48%—a record for any large country—from 43%. Even more staggering is the amount of credit that China unleashed to finance this investment boom. Since 2007‚ the amount of new credit generated annually has more than quadrupled to $2.75 trillion in the 12 months through January this year. Last year‚ roughly half of the new loans came from the "shadow banking system‚" private lenders and credit suppliers outside formal lending channels.
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Cristiano Ronaldo‚ who is currently the highest paid footballer in the world‚ gets paid $82 million per year. There are some that would argue that he does not deserve that much money for being a athlete. Professional football players do not get paid too much because the teams are private businesses so they can pay their players what they want‚ the players put in tons of hard work‚ and they bring in revenue for the team. With football clubs being like a private business‚ they can choose to pay their
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OP-ED CONTRIBUTOR For Greece’s Economy‚ Geography Was Destiny By ROBERT D. KAPLAN Published: April 24‚ 2010 THE debt crisis that caused Greece to ask for an international bailout on Friday has been attributed to many things‚ all economic: Greece’s budget deficits‚ its lack of transparency and its over-the-top corruption‚ symbolized by the words “fakelaki‚” for envelopes containing bribes‚ and “rousfeti‚” political favors. But there is a deeper cause for the Greek crisis that no one dares mention
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changes during a conference call early Wednesday. Bank of America’s issuer credit rating was cut to "A-" from "A‚" as were its Countrywide Financial Corp. and Merrill Lynch & Co. Inc. units‚ along with a series of related subsidiaries Ratings downgrades are never seen as positive‚ but this round may be particularly damaging for Bank of America. Concern already was growing Tuesday about whether B of A has enough capital to withstand another downturn in the U.S. economy or further trouble in Europe
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