Under GAAP,an Entry Should Be Made to the Bad Debt

question 36

Multiple Choice

Under GAAP,an entry should be made to the Bad Debt Expense account

• A) when an account receivable with terms 2/10,n30 is past thirty days due.
• B) when an account receivable previously written off is determined to be collectible.
• C) when an account receivable is determined not to be collectible and is written off.
• D) in the period when a sale is made and not when the receivable associated with the sale is determined to be uncollectible.

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Definitions:

Decibels

A unit of measurement used to express the intensity of sound, based on a logarithmic scale.

Loudness

A perceptual measure of the strength or intensity of a sound, often correlated with physical amplitude of the sound waves.

Olfactory Epithelium

This is a specialized epithelial tissue inside the nasal cavity that is involved in smell.

Receptor Cells

Specialized cells that convert external stimuli, such as light, sound, or chemicals, into electrical signals for the nervous system to process.