Brazil Avoided a Violent Transition from Colony to Nation Because

question 6

Multiple Choice

Brazil avoided a violent transition from colony to nation because

• A)the plantation slaves, although numerous, were prevented from fighting.
• B)the colonial Brazilians had plenty of experience with self-governance.
• C)Brazil, by choice, operated as a constitutional monarchy for much of the 19^th century.
• D)the Brazilian criollos were more interested in fiestas than in politics.
• E)the British intervened and stopped the budding revolution.

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Definitions:

Allowance Method

An accounting technique used to estimate the amount of uncollectible accounts receivable that will not be paid by debtors, allowing companies to record these anticipated losses as an expense.

Bad Debt Expense

An expense reported on the income statement, representing the estimate of receivables that a company does not expect to collect.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated portion of accounts receivable that may not be collectible.

Uncollectible Receivables

Refers to money owed to a company by its debtors that is unlikely to be paid and is considered a loss.