If an Uncollectible Account,previously Written Off,is Recovered

question 121

Multiple Choice

If an uncollectible account,previously written off,is recovered:

• A)net accounts receivable increases.
• B)net accounts receivable decreases.
• C)net accounts receivable stays the same.
• D)total revenues increase.

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Definitions:

Double Jeopardy

The legal principle that prohibits an individual from being tried twice for the same crime in the same jurisdiction.

Provincial Court

A lower level court in Canada that handles less serious criminal offenses, family law (excluding divorce), and small claims.

Civilly Sued

The process of bringing a lawsuit in civil court to seek remedy for a wrongdoing that does not necessarily constitute a criminal offense.

Question of Law

An issue that concerns the interpretation or application of the law.