Directions: Indicate Whether Italics or Quotation Marks Are Appropriate for the Underlined

question 1

Multiple Choice

Directions: Indicate whether italics or quotation marks are appropriate for the underlined words and phrases in the following sentences. ​ Though it fooled some people, it seemed pretty obvious that the picture of President Lincoln riding a dinosaur had been made with Photoshop .

• A)italics
• B)quotation marks
• C)neither

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Definitions:

Sales Discount

A reduction in the price of goods or services offered to customers, typically to prompt early payment or bulk purchases.

Aging of Accounts

A method used to estimate uncollectable debts by categorizing accounts receivables based on how long they have been outstanding.

Uncollectible Percentage

Estimate of the portion of accounts receivable that will not be collected, used in calculating bad debt expense.

Bad Debt Expense

An expense reported on the income statement, reflecting the cost of accounts receivable that a company does not expect to collect due to customers' inability to pay.