When Someone Concludes That Something Is Good or Bad, Right

question 37

Multiple Choice

When someone concludes that something is good or bad, right or wrong, a(n) has been made.

• A)distributive assessment
• B)normative judgment
• C)affective attitude judgment
• D)moral assessment
• E)non-normative statement

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Definitions:

Uncollectible

Refers to accounts receivable that a company has determined cannot be collected from customers.

Aging of Accounts Receivable Method

An accounting technique used to estimate the amount of uncollectable accounts receivable based on their age.

Allowance Method

An accounting technique used to estimate and account for doubtful debts, reflecting potential future losses on receivables.

Outstanding Accounts Receivable

Refers to the money owed to a company for goods or services that have been provided but not yet paid for.