The Single Most Important Indicator Used to Identify Impaired Accounts

question 189

Multiple Choice

The single most important indicator used to identify impaired accounts receivable (potential bad debts) is

• A)the dollar amount of the receivable.
• B)current economic conditions.
• C)geographic location.
• D)the age of the account.

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Definitions:

Adult

A person who has reached the age of majority as legally defined, typically characterized by physical growth completion, sexual maturity, and legal responsibility for their actions.

Hypernatremia

A medical condition characterized by an abnormally high concentration of sodium in the blood.

Serum Sodium

The concentration of sodium ions present in the serum component of blood, important for maintaining fluid balance and nerve and muscle function.

Diastolic Blood Pressure

The pressure in the arteries when the heart rests between beats, indicating the minimum blood pressure.