Match the Person or Term with the with the Correct

question 41

Multiple Choice

Match the person or term with the with the correct description.
-Roosevelt Corollary

• A)improving the human species by controlling heredity
• B)relocation of blacks to the North
• C)international police power in Western Hemisphere
• D)a world organization
• E)assimilating immigrants
• F)British ship sunk by Germans
• G)proposed a German-Mexican alliance
• H)proposed agenda for the peace conference
• I)Four-Minute Men
• J)anti-labor crusade after the war
• K)opposed U.S.entry into war
• L)restricted Japanese immigration

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Definitions:

Debit Balance

A condition where the sum of debits in an account exceeds the sum of credits, implying assets or expenses.

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that may not be collected, which is used to adjust the gross accounts receivable to its net realizable value.

Estimate

An approximate calculation or judgment of the value, number, quantity, or extent of something, often used in planning and decision-making.

Balance Sheet Approach

A method used to calculate the amount required in the Allowance for Doubtful Accounts to cover expected uncollectibles. This method is based on the Accounts Receivable amount and the aging process. The adjustment to the Allowance for Doubtful Accounts will bring the new balance of that account to the new required level.