Variations of the Dendrite and Cahill tests Often Are Used

question 23

Multiple Choice

Variations of the Dendrite and Cahill tests often are used by courts today in determining whether:

• A)a theory of promissory estoppel should apply in a civil lawsuit.
• B)a website must reveal the identity of an anonymous poster in a civil lawsuit.
• C)the collateral bar rule will apply in a civil lawsuit
• D)the collateral bar rule will apply in a criminal prosecution

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Definitions:

Net Sales

The amount of sales revenue remaining after deducting returns, allowances for damaged or missing goods, and discounts.

Accounts Receivable

Funds that customers owe to a business for products or services that have been received but remain unpaid.

Bad Debt Expense

The cost associated with accounts receivable that a company is unable to collect.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of receivables that may not be collected.