The Collection of an Account That Had Been Previously Written

question 13

Multiple Choice

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

• A)will increase income in the period it is collected.
• B)will decrease income in the period it is collected.
• C)requires a correcting entry for the period in which the account was written off.
• D)does not affect income in the period it is collected.

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Definitions:

Flashbulb Memories

Highly detailed and vivid memories of significant or emotional events, which are remembered with great confidence.

Hirst

The surname of an individual, potentially referring to notable persons in various fields; without further context, specificity is lacking.

Event Details

Event details encompasses all the specific information related to an occurrence or happening, including the who, what, when, and where.

Flashbulb Memories

Highly detailed, vivid memories of a moment or event that are believed to be encoded in the brain as a result of the emotional significance or shock of the event.