The Removal and Lifting of Individual Loose Particles by the Wind

question 80

Multiple Choice

The removal and lifting of individual loose particles by the wind is termed

• A)deflation.
• B)abrasion.
• C)saltation.
• D)deposition.
• E)aggradation

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Definitions:

Direct Write-off Method

A method of accounting for bad debts where specific uncollectible accounts receivable are directly written off against income at the time they are deemed to be uncollectible.

Net Income

The profit of a company after all expenses, including operating costs, taxes, and interest, have been deducted from total revenues, indicating financial performance.

Total Assets

The sum of all assets, both current and non-current, owned by a company, representing the total resources it has at its disposal.

Aging of Accounts Receivable Method

An accounting technique used to estimate the amount of receivables that are unlikely to be collected, based on the length of time they have been outstanding.