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Abercrombie & Fitch Got in Trouble with the EEOC for Hiring

question 53

True/False

Abercrombie & Fitch got in trouble with the EEOC for hiring a disproportionate number of white sales people.


Definitions:

Adjusting Journal Entry

A record in accounting that is used to adjust incomes and expenses to match the accounting period in which they actually occurred.

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal.

Allowance For Doubtful Accounts

An account opposite to assets that predicts the amount of accounts receivable that might not be recoverable.

Allowance for Doubtful Accounts

An accounting provision made to account for customers' invoices that may not be collectible in the future.

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