Between the Years 1980 and 2012, There Were a Total

question 19

Multiple Choice

Between the years 1980 and 2012, there were a total of ____ disasters in the United States that reached over 1 billion dollars each in damages as a result of weather-related natural hazards

• A) 6
• B) 16
• C) 90
• D) 144

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Definitions:

Accounts Receivable

Amounts of money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Allowance For Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that is expected not to be collectible due to credit sales.

IFRS

International Financial Reporting Standards, a set of global accounting standards for financial reporting.

GAAP

A set of widely followed rules and standards in financial reporting, termed Generally Accepted Accounting Principles.