The Severity of an Earthquake Is a Measure of Its

question 51

Multiple Choice

The severity of an earthquake is a measure of its seismic waves,and is called ____.

• A) epicenter
• B) focus
• C) magnitude
• D) ridges
• E) valleys

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Definitions:

Net Realizable Value

The estimated selling price of inventory in the ordinary course of business minus any costs of completion, disposal, and transportation.

Allowance for Doubtful Accounts

This is a contra account that reduces accounts receivable to reflect the estimated amount of debts that may not be collected.

Accounts Receivable

Financial obligations of customers to a firm for delivered or utilized goods or services that remain unpaid.

Direct Write-off Method

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