An Example of a ______ Is When Personal Information Stored

question 42

Multiple Choice

An example of a ______ is when personal information stored on a laptop is hacked and used to steal identity.

• A)cybercrime
• B)violent crime
• C)white-collar crime
• D)blue-collar crime

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Definitions:

Net Credit Sales

The total revenue from sales made on credit, after subtracting returns and allowances.

Uncollectible Accounts

Accounts receivable that a company does not expect to receive payment for, often written off as bad debts.

Percentage-of-Receivables Method

An accounting method used to estimate the amount of a company's receivables that will not be collected, based on a percentage of the total receivables.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated amount of accounts receivable not expected to be collected.