The Scottish and Scotch-Irish Immigrants to the Colonies

question 137

Multiple Choice

The Scottish and Scotch-Irish immigrants to the colonies:

• A) were almost uniformly Catholics.
• B) usually worked in the West Indies before moving to the mainland colonies.
• C) were often physicians, merchants, and teachers.
• D) did little to add to the religious diversity in America.
• E) represented only a small fraction of the immigration to the colonies.

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Definitions:

Direct Write-off Method

An accounting method where uncollectible accounts receivable are written off directly against income at the time they are deemed noncollectible.

Uncollectible Receivables

Receivables considered uncollectible by a company and therefore recorded as a loss.

Journalize

The process of recording transactions in the general journal using the double-entry bookkeeping system.

Allowance for Doubtful Accounts

A contra asset account used to estimate the portion of a company's accounts receivable that may not be collectible.