The following information is available for murphy company:

allowance for doubtful accounts at december 31, 2013 $16,000
credit sales during 2014 800,000
accounts receivable deemed worthless and written off during 2014 18,000

as a result of a review and aging of accounts receivable in early january 2015, it has been determined that an allowance for doubtful accounts of $11,000 is needed at december 31, 2014. what amount should murphy record as "bad debt expense" for the year ended december 31, 2014?

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.