The Collection of an Account That Had Been Previously Written

question 17

Multiple Choice

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

• 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:

Hospitalization

The act of admitting a person to a hospital for medical care, treatment, or observation.

Separation Anxiety

A disorder characterized by excessive anxiety regarding separation from home or from people to whom the individual has a strong emotional attachment.

Hospitalized Toddler

A young child between the ages of one and three who is receiving medical care or treatment in a hospital.

Privacy

The state or condition of being free from unauthorized intrusion or disclosure of personal information.