A Statement That Attempts to Predict or Account for a Set

question 255

Multiple Choice

A statement that attempts to predict or account for a set of phenomena is called a(n) _______________.

• A) hypothesis
• B) axiom
• C) corollary
• D) theory

---

Definitions:

Bad Debt Expense

The estimated amount of receivables that a company does not expect to collect.

Uncollectible Account Receivable

A receivable that is considered unlikely to be collected, representing a loss to the company.

Operating Income

Income generated from normal business operations, calculated as gross income minus operating expenses.