________ Introduced a System for Grouping Species into a Hierarchy

question 22

Multiple Choice

________ introduced a system for grouping species into a hierarchy of categories.

• A)Lamarck
• B)Aristotle
• C)Linnaeus
• D)Darwin

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Definitions:

Allowance

An accounting adjustment for accounts receivable, representing a reduction in the amount expected to be received due to potential uncollectible debts.

Doubtful Accounts

Accounts receivable that a company does not expect to collect fully.

Credit Balance

A credit balance occurs when the total credits in an account exceed the total debits, indicating the amount owed to the account holder or in the case of financial statements, to the creditor.

Factoring

A financial transaction where a business sells its accounts receivable to a third party (factor) at a discount to get immediate cash.