Based on Prestige Ratings for Selected Occupations in the United

question 46

True/False

Based on prestige ratings for selected occupations in the United States,in 2007,the occupation of college professor received the highest prestige score.

---

Definitions:

Allowance Method

An accounting technique used to estimate and account for potential uncollectible debts.

Bad Debts Expense

Expenses linked to accounts receivable that a firm anticipates will not be collected.

Allowance Method

An accounting technique used to account for bad debts, which estimates uncollectible accounts receivable and creates a provision for them.

Accounts Receivable

Financial dues from customers to an organization for products or services that have been dispensed but not reimbursed.