Which of the Following Would Be a Business Bad Debt

question 60

Multiple Choice

Which of the following would be a business bad debt if it were uncollectible?

• A)A taxpayer loans his father $1,000 to start a business.
• B)A taxpayer loans his son $10,000 to purchase a rental house.
• C)A dentist, using the accrual basis of accounting, records income when it is earned and extends credit to a patient for services provided.
• D)A taxpayer loans his brother $3,000 to purchase a truck for use in his brother's business.
• E)None of these

---

Definitions:

Energy Efficiency

The goal of using less energy to provide the same level of energy service, such as lighting, heating, or cooling.

Economic Growth

An increase in the production of goods and services in an economy over a period of time.

Imported Energy

Energy that is produced outside of a region or country and then transported into that area for use.

Source Of Ethanol

Ethanol, a biofuel, is primarily produced through the fermentation of sugars by yeast, obtained from crops like sugarcane, corn, and wheat.