The Internet, Cell Phones, Text Messaging, and IPads Are Examples

question 39

Multiple Choice

The Internet, cell phones, text messaging, and iPads are examples of

• A) increased information flow that makes it more difficult for bureaucracies to regulate many activities.
• B) global technology that has not yet reached the developing world.
• C) resistance to change.
• D) None of the above

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Definitions:

Direct Write-Off Method

An accounting method where uncollectible receivables are directly written off against income at the time they are deemed unrecoverable.

Allowance Method

An accounting technique used to anticipate and adjust for potential uncollectible accounts receivable.

Uncollectible

Accounts receivable that are considered unlikely to be recovered and may be written off as a bad debt expense.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period.