Crimes by Government Have Received

question 7

Multiple Choice

Crimes by government have received:

• A) weaker social reaction and weaker negative sanctions over time
• B) stronger social reaction but weaker negative sanctions over time
• C) weaker social reaction but increasingly powerful negative sanctions over time
• D) stronger social reaction and increasingly powerful negative sanctions over time

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Definitions:

Uncollectible Expenses

Costs that a business incurs from credits extended to customers that are not expected to be paid back, often recognized as bad debt expense.

Credit Sales

Sales made by a business where the payment is deferred to a later date, typically recorded as accounts receivable until payment is received.

Debit Balance

An account balance that occurs when the total of debits in an account exceeds the total of credits, typical for asset and expense accounts.

Bad Debt Expense

An expense recognized by businesses for accounts receivable that are considered unrecoverable and written off.