Which of the Following Is an Example of Subjective Evidence

question 88

Multiple Choice

Which of the following is an example of subjective evidence?

• A)a positive confirmation of an account receivable
• B)a bank confirmation
• C)inquiries of the credit manager about the collectability of noncurrent accounts receivable
• D)the physical count of securities and cash

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Definitions:

Tax Collections

The process by which government entities gather money from individuals and businesses in the form of taxes to fund public expenses.

Federal Budget Deficits

Refers to the shortfall when a government's expenditures exceed its revenues in a given fiscal year.

Century

A period of 100 years, often used to denote significant historical timelines or epochs.

Cyclically Balanced Budget

A cyclically balanced budget is a fiscal policy approach where government budgets are planned to balance over the economic cycle, allowing for surpluses in boom years and deficits in recession years.