Which of the Following Was One of the Terms of the Paris

question 78

Multiple Choice

Which of the following was one of the terms of the Paris Peace Accords that ended American participation in the war in Vietnam?

• A) North Vietnam was to withdraw its troops immediately from South Vietnam and disband the Vietcong.
• B) The United States promised to withdraw all of its remaining troops from Vietnam within sixty days.
• C) The North Vietnamese agreed to recognize the independence of South Vietnam and the permanent division of Vietnam into two nations.
• D) North and South Vietnam would be reunited by merging the northern and southern governments into one.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated amount of accounts receivable which may not be collected.

Estimated Realizable Value

The anticipated amount of money that an asset is expected to bring upon sale or disposition, after accounting for costs of sale or disposal.

Accounts Receivable

Accounts receivable are amounts owed to a company by its customers for goods or services delivered on credit but not yet paid for.

Allowance Method

The allowance method is an accounting technique that estimates and accounts for bad debts, recognizing that a certain percentage of accounts receivable may not be collectible.