Despite Advancements Made by Underrepresented Groups in Electing Members to Congress

question 24

Multiple Choice

Despite advancements made by underrepresented groups in electing members to Congress, it is still predominantly

• A) white and male.
• B) white and female.
• C) Hispanic and male.
• D) over 65 and female.
• E) under 40 and male.

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Definitions:

Bad Debts Expense

The cost associated with accounts receivable that are not expected to be collected.

Contra Asset

An asset account where its balance is opposite of the normal balance, used to offset the balance of a related account, such as allowance for doubtful accounts offsetting accounts receivable.

Expense

An outflow of money to another person or company to pay for an item or service, or for a cost required to operate a business.

Allowance for Doubtful Accounts

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