Which of the Following Is an Example of Omission Training

question 23

Multiple Choice

Which of the following is an example of omission training?

• A)Wanda cannot play with her friends because she was out too late yesterday evening.
• B)Robert takes out the garbage to stop his roommate's nagging.
• C)Billy sleeps late to avoid taking his history final.
• D)Ellie stops crying when she gets a lollipop.

Understand the impact of social media in promoting social causes and activism.

Comprehend the foundational concepts of Web 2.0 and its role in collaboration and sharing.

Understand the structures of the web and how search engines, web browsers, and hosting work.

Recognize the emerging trends and technologies in internet commerce and content distribution.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated portion of accounts receivable that may not be collectible.

Percentage-of-Receivables Basis

A method used to estimate the amount of bad debt expense by applying a fixed percentage to the total amount of accounts receivable.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of a company's receivables that may not be collectible.

Bad Debt Expense

An expense reported on the income statement, representing the amount of non-collectible accounts receivable during a period.