Today, Paralegals Often Work in Which of the Following Environments

question 66

Multiple Choice

Today, paralegals often work in which of the following environments?

• A) Corporations
• B) Government agencies
• C) Courts
• D) Insurance companies
• E) All of these choices are correct.

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Definitions:

Net Realizable Value

The estimated selling price of goods, minus the cost of their sale or disposal.

Allowance

In accounting, a reduction from the gross amount of receivables to reflect the estimated uncollectible amounts; in budgeting, an allocated amount for specific expenses.

Doubtful Accounts

Accounts receivable that a company does not expect to collect in full, often leading to an allowance for doubtful accounts as a contra asset on the balance sheet.

Allowance Method

An accounting technique used to manage accounts receivable and bad debt expense by estimating uncollectible accounts at the end of each period.