Array Names Are Often Referred to with the Array Operators

question 26

True/False

Array names are often referred to with the array operators [ and ] at the end of the name to clearly define them as arrays.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account designated to approximate the amount of a company's accounts receivable that is likely uncollectible.

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Maturity Value

The amount that will be payable to the holder of a financial instrument at the date of its maturity; it includes the principal amount plus any accrued interest.

Interest

The cost of borrowing money or the return on investment, calculated as a percentage of the principal sum.