Prior to the Formation of CAEP, _________________ of the 1,624

question 21

Multiple Choice

Prior to the formation of CAEP, _________________ of the 1,624 education-preparation providers were not accredited by National Council for Accreditation of Teacher Education (NCATE) .

• A)10 percent
• B)18 percent
• C)33 percent
• D)51 percent

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Definitions:

Maker

The entity that issues or creates a promissory note and agrees to pay the note's amount to a specified party.

Allowance for Doubtful Accounts

A contra-asset account on a company's balance sheet that represents the amount of receivables the company expects may not be collected due to customer defaults.

Contra Asset

An account listed in a company's balance sheet that is used to reduce the balance of a related asset account, showing the amount that effectively reduces the original asset's value.

Maturity

The time at which a financial obligation must be repaid or settled in full.