George Is Supposed to Give a Presentation in His History

question 57

Multiple Choice

George is supposed to give a presentation in his History class on Thursday, and has been dreading it intensely all month (his knowledge of the topic is shaky, and so is his presentation style) .On Wednesday, the day before the presentation is scheduled, George's teacher, Ms Njuba, tells him that he can present the following week if he likes.Instead of taking Ms Njuba up on this offer, however, George says that he will go ahead and present the next day.Why?

• A)George must have coped with his nervousness and dread by changing some relevant attitudes and beliefs.
• B)George must have heard Ms Njuba incorrectly because of his anxiety; otherwise, he would obviously have postponed the presentation.
• C)George must have coped with his nervousness and dread by simply blocking the presentation out of his mind completely and not thinking about it.
• D)George must have low self-esteem; otherwise, he would have postponed the presentation.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account used to estimate and offset the amount of receivables that may not be collected.

Uncollectible Accounts

Accounts receivable that a company does not expect to collect due to customer defaults.

Bad Debt Expense

The estimated amount of credit sales that are not expected to be collected, representing potential loss to the company.

Allowance Method

An accounting technique used to account for bad debts, where estimated uncollectible accounts are expensed, adjusting the accounts receivable balance.