Lamarck's Proposal of the Inheritance of Acquired Characteristics Included the Idea

question 58

Multiple Choice

Lamarck's proposal of the inheritance of acquired characteristics included the idea that

• A) the continual stretching of giraffe's necks to reach leaves led to longer necks.
• B) local catastrophes cause mass extinctions of species.
• C) species are only produced through special creation.
• D) species are fixed and unchanging over time.
• E) organisms are acted on by the environment.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account used to estimate and offset the amount of receivables that may not be collected.

Uncollectible Accounts

Accounts receivable that a company does not expect to collect due to customer defaults.

Bad Debt Expense

The estimated amount of credit sales that are not expected to be collected, representing potential loss to the company.

Allowance Method

An accounting technique used to account for bad debts, where estimated uncollectible accounts are expensed, adjusting the accounts receivable balance.