In Accounting Terms,the Different Business Activities That the Firm Engages

question 54

Multiple Choice

In accounting terms,the different business activities that the firm engages in or the different geographic regions it does business in are referred to as

• A)operating activities.
• B)business segments.
• C)operating segments.
• D)operating divisions.

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Definitions:

Allowance Account

A contra-asset account used to estimate future uncollectible debts from customers, reducing the total amount of outstanding receivables.

Gross Accounts Receivable

The total amount of money owed to a company by its customers before deducting any allowance for doubtful accounts.

Date Violence

Refers to physical, sexual, psychological, or emotional violence within a dating relationship, including stalking.

Date Rape

A form of sexual assault where the perpetrator and victim have a prior acquaintance or are on a social outing together when the assault occurs.