After the Alliance Between Them Collapsed, How Did the Communists

question 9

Multiple Choice

After the alliance between them collapsed, how did the Communists avoid the suppression of the Nationalists?

• A) They allied themselves with the invading Japanese Army.
• B) They undertook a 6000-mile march to a remote area of the country.
• C) They initiated a guerrilla war against the Nationalists.
• D) They escaped to Taiwan and established an alternative government.
• E) They disbanded and faded into the population.

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Definitions:

Allowance for Doubtful Accounts

The allowance for doubtful accounts is an accounting technique to estimate the amount of receivables that are expected not to be collected, acting as a contra account to accounts receivable.

Bad Debt Expense

An expense reported on the income statement, representing the estimated amount of credit sales that are not expected to be collected due to customer default.

Uncollectible Receivables

Refers to money owed to a company that it is unable to collect from its debtors, often considered as a bad debt expense.

Allowance Method

An accounting technique used to estimate and account for bad debts, where companies anticipate some accounts receivable will be uncollectible.