Aspen Corporation Data for Aspen Corporation for the Year Ended December 31

question 54

Multiple Choice

Aspen Corporation
Data for Aspen Corporation for the year ended December 31, 2012, are presented below.

-Refer to information provided for Aspen Corporation. If Aspen uses the aging of accounts receivable method to estimate its bad debts, what amount will be reported as bad debt expense for 2012?

• A) $50,000
• B) $75,000
• C) $78,000
• D) $53,000

---

Definitions:

Rational Appeals

Persuasive strategies that employ logical arguments and evidence to convince an audience of a particular viewpoint or action.

Assertiveness

The quality of being self-assured and confident without being aggressive in expressing one's rights, desires, or opinions.

Referent Power

A type of influence based on the loyalty or respect one commands from others due to personal traits or integrity, rather than formal authority.

Expert Power

The influence one possesses as a result of experience, special skill, or knowledge in a particular field.