The Ability to Compute Arithmetic Operations Is Known as ______

question 88

Multiple Choice

The ability to compute arithmetic operations is known as ______.

• A)syllogistic reasoning
• B)general reasoning
• C)number facility
• D)spontaneous flexibility

---

Definitions:

Net Credit Sales

Sales made on credit minus any sales returns or allowances, reflecting the actual credit sales revenue.

Uncollectible Accounts

Debts owed to a company that are considered to be uncollectable and are therefore written off as a bad debt expense.

Estimated Uncollectible

An accounting term referring to the portion of accounts receivable that a company does not expect to collect.

Allowance Method

is an accounting technique that estimates and reports the likely amount of uncollectible accounts receivable as an allowance for doubtful accounts.