Which of the Following Transactions Affects Only Statement of Financial

question 147

Multiple Choice

Which of the following transactions affects only statement of financial position accounts?

• A) Recovery of a bad debt using the allowance method.
• B) Recording bad debt expense using the allowance method.
• C) Writing off a bad debt using the direct write-off method.
• D) Recording bad debt expense using the percentage of sales basis.

Understand the historical context of species extinction and efforts for conservation.

Understand the role of human activities in the current extinction crisis.

Identify conservation efforts and laws aimed at protecting wildlife.

Recognize the ecological and economic importance of biodiversity.