The Conciliarists Believed

question 63

Multiple Choice

The conciliarists believed

• A)The general councils of the Church were superior to the pope
• B)The State was superior to the Church
• C)Canon Law trumped civil law
• D)A Council was subordinate to the pope
• E)The pope was a functionary of the Council

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Definitions:

Allowance for Doubtful Accounts

An adjusted estimation for the amount of receivables that may not be collectible.

Accounts Receivable

Funds that are due to a company from its clients for products or services delivered but for which payment has not been received.

Net Sales

The total revenue from goods or services sold by a company after deducting returns, allowances for damaged or missing goods, and discounts.

Receivables Turnover Ratio

An accounting measure utilized to quantify a firm's effectiveness in extending credit and collecting debts on that credit.