Following Donation,how Long Does It Take to Replace the Fluid

question 21

Multiple Choice

Following donation,how long does it take to replace the fluid lost from giving whole blood?

• A) 3 hours
• B) 12 hours
• C) 48 hours
• D) 72 hours

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Definitions:

Allowance Method

An accounting technique used to estimate uncollectible accounts receivable and adjust for bad debts.

Direct Write-Off Method

An accounting practice that involves directly writing off an outstanding receivable if deemed uncollectible, impacting earnings directly.

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Direct Write-Off Method

An accounting method used to recognize bad debts only when specific receivables are deemed uncollectible, without maintaining an allowance account.