Montgomery & company are accounting for their bad debts. the company uses the accrual method of accounting. during the current year, m& c has $42,000 in accounts receivable. the estimated bad debts for the period is $2,000 using the allowance method of accounting for uncollectible accounts. the amount of accounts actually written off during the period is $1,700. what is the amount of bad debt expense that can be deducted for tax purposes?

Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks

Email viruses are typically launched by people who modify header information to hide their identity. brightmail's enrique salem says that in the future, your email reader will authenticate the sender before putting hte message in your inbox. that way, you will know the source of all the emails you read. alan nugent of novell says, "i'm kind of a fan of eliminating anonymity if that is the price for security." will eliminating anonymity make computers more secure?

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