Tay-Sachs Disease Is Caused by a Failure to Make an Enzyme

question 62

True/False

Tay-Sachs disease is caused by a failure to make an enzyme that converts an amino acid into tyrosine.

---

Definitions:

Allowance for Doubtful Accounts

An accounting method that reduces accounts receivable on a company's balance sheet by estimating the amount of receivables that will not be collected.

Uncollectible Receivables

Debts owed to a company that are considered unlikelihood to be collected.

Bad Debt Expense

Unrecoverable amounts from accounts receivable representing financial losses for a company.

Direct Write-off Method

An accounting practice where actual bad debts are written off against income at the time they are identified as irrecoverable.