There Are About Children with at Least One Adoptive Parent

question 68

Multiple Choice

There are about children with at least one adoptive parent in U.S. households.

• A) 500,000
• B) 1.1 million
• C) 2.5 million
• D) 4 million

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Definitions:

Percentage of Sales

A financial analysis tool used to forecast future expenses, based on a fixed percentage of the total sales.

Allowance for Doubtful Accounts

A contra asset account on a company's balance sheet that estimates the amount of receivables that may not be collected.

Credit Sales

Sales made by a business where the customer is allowed to pay at a later date.

Bad Debt Expense

A charge to the income statement for accounts receivable that a company has determined it will not collect.