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In a survey about 9/11, pollsters found that the percentage of Americans aged 50 and over who believed that luck was the major reason there had not been another large attack since 9/11 was nearly double the percentage of Americans aged 18 to 29 who expressed the same belief. What is this an example of?
Allowance for Doubtful Accounts
An accounting method that reduces accounts receivable on a company's balance sheet by estimating the amount of receivables that will not be collected.
Uncollectible Receivables
Debts owed to a company that are considered unlikelihood to be collected.
Bad Debt Expense
Unrecoverable amounts from accounts receivable representing financial losses for a company.
Direct Write-off Method
An accounting practice where actual bad debts are written off against income at the time they are identified as irrecoverable.
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