Which of the Following Principles Should Be Used to Make

question 109

Multiple Choice

Which of the following principles should be used to make bail decisions?

• A)Accused offenders are entitled to release on their own recognizance.
• B)Nonfinancial alternatives to bail should be avoided at all costs.
• C)Reasons for bail decisions must not be made known to the parties involved.
• D)Review of bail determinations can be made sporadically.

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Definitions:

Net Sales

The revenue a company earns from sales after subtracting returns, allowances for damaged or missing products, and discounts.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that is expected to be uncollectible.

Percentage of Credit Sales Method

An accounting method used to estimate bad debt expense by applying a fixed percentage to the total credit sales of a period.

Credit Sales

Sales made by a business on credit, where payment is collected at a later date.