The Allowance Method of Accounting for Uncollectible Accounts Is Required

question 43

Multiple Choice

The allowance method of accounting for uncollectible accounts is required if

• A) the company makes any credit sales.
• B) bad debts are significant in amount.
• C) the company is a retailer.
• D) the company charges interest on accounts receivable.

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Definitions:

Secondary Reinforcers

Stimuli which become reinforcing through their association with a primary reinforcer, not inherently rewarding themselves.

Primary

The most important or foundational in a series or system; often serving as the first or initial stage.

Self-efficacy

The belief in one's capabilities to organize and execute the courses of action required to manage prospective situations.

Cognitive Processes

The mental actions or operations involved in acquiring knowledge and understanding through thought, experience, and the senses.