The United States Is Currently the Third Most Populous Nation

question 5

Multiple Choice

The United States is currently the third most populous nation, but UN projections suggest that by 2050 it will be overtaken by

• A) Nigeria.
• B) Indonesia.
• C) Pakistan.
• D) Bangladesh.

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Definitions:

Repay

To pay back or return money that was borrowed from an individual, institution, or entity.

Allowance for Doubtful Accounts

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

Factoring Proceeds

The cash received by a company from selling its accounts receivable to a third party, often at a discount, to immediately improve cash flow.

Noncollections

Amounts due to a company for goods or services provided that have not been collected.