The Collection of an Account That Had Been Previously Written

question 6

Multiple Choice

The collection of an account that had been previously written off under the allowance method of accounting for uncollectibles

• A) will increase profit.
• B) will decrease profit.
• C) will not affect profit.
• D) will increase sales.

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Definitions:

Mood Disorders

A category of mental health issues characterized by a significant change in a person's mood, such as depression or bipolar disorder.

Inhibited Temperament

A disposition marked by a tendency to avoid or withdraw from unfamiliar people, situations, or environments.

Choleric

One of the four traditional temperaments; characterized by quickness to anger and aggressive or domineering tendencies.

Sanguine

Sanguine describes a personality type that is cheerful, optimistic, and confident.