Pedigrees _____

question 5

Multiple Choice

Pedigrees _____.

• A) provide information on the patterns of inheritance of a trait
• B) can identify those at risk for a disease
• C) can identify those at risk for transmitting a disease
• D) can be used to deduce the genotypes of parents
• E) have all of these characteristics

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Definitions:

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.

Allowance Method

A technique in accounting used to estimate and anticipate bad debts (uncollectible accounts receivable) and adjust the books accordingly.