Why Are Estimates of Bad Debts Used to Record Uncollectible

question 134

Multiple Choice

Why are estimates of bad debts used to record uncollectible amounts of accounts receivable?

• A)Doing so avoids violating the expense recognition ("matching")principle.
• B)It is an easier method than waiting for accounts to actually become uncollectible.
• C)Because the actual amount of uncollectible accounts can never be known.
• D)It is the most conservative approach.

Understand different patterns for organizing the body of a presentation and their applicability to various scenarios.

Identify how to effectively utilize visuals and color in presentations for better retention and comprehension.

Recognize effective opener strategies to grab audience attention at the beginning of a presentation.

Grasp the importance of minimizing the number of main points in a presentation for clarity and impact.

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Definitions:

Democratic Politics

A system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Group Interests

The collective goals or aspirations of a specific group of individuals based on shared identities or purposes.

Postmaterialist Thesis

A theory suggesting that after material basic needs are met, individuals and societies tend to prioritize non-materialistic values and cultural and intellectual needs.

Bread-and-Butter Issues

Fundamental and practical problems or concerns, typically relating to basic needs or economic well-being, that affect everyday life.