Confidential Information in a Secure Network Is Most Typically Breached

question 40

Multiple Choice

Confidential information in a secure network is most typically breached by:

• A) people "hacking" in from outside the network.
• B) viruses or cookies that enter from email.
• C) unauthorized use by authorized users.
• D) None of these is correct.

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Definitions:

Doubtful Accounts

Accounts receivable that a company considers unlikely to be collected and therefore may be written off as a bad debt expense.

Adjusting Entry

Journal entries made at the end of an accounting period to update the accounts for accruals and deferrals not recorded during the period.

Allowance for Doubtful Accounts

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

Percentage-of-Receivables Basis

A method used to estimate the amount of bad debt expense by applying a fixed percentage to the total amount of accounts receivable.