___________Refers to Unsubstantiated Reports on an Issue or Subject

question 34

Multiple Choice

___________refers to unsubstantiated reports on an issue or subject.

• A) A rumor
• B) Gossip
• C) Mass hysteria
• D) Panic

---

Definitions:

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that is expected to become uncollectible.

Percent of Sales Method

A forecasting technique used in financial planning to estimate certain balance sheet and income statement accounts based on projected sales growth.

Bad Debts

Amounts owed to a company that are not expected to be received, often due to customers being unable to pay.

Income Statement

A financial document that reports a company's revenues, expenses, and net income over a specific period.