Past Oriented Theories Are Often Referred to as ______

question 70

Multiple Choice

Past oriented theories are often referred to as ______.

• A)utilitarian
• B)contingent
• C)retributivist
• D)overt

---

Definitions:

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Allowance Method

An accounting technique used to estimate and account for bad debts, allowing a company to anticipate and reduce accounts receivable to a more realistic value.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Allowance for Doubtful Accounts

A contra-asset account designated to approximate the amount of a company's accounts receivable that is likely uncollectible.