According to Research Data from the Substance Abuse and Mental

question 13

Multiple Choice

According to research data from the Substance Abuse and Mental Health Services Administration (SAMHSA) , the average length of time between first use of primary substance of abuse and treatment entry among adult first-time treatment admissions is:

• A) 5 years
• B) Less than 2 years
• C) 10 years
• D) More than 15 years

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Definitions:

Cash Payments Journal

A specialized accounting journal used to record all cash outlays of a business, including expenses, asset purchases, and debt payments.

Purchases Journal

A record of all purchase transactions for inventory, usually on credit, maintained by a business.

Credit Balance

A situation in accounting where the total credits in an account exceed the total debits, commonly seen in liability accounts.

Doubtful Accounts

Doubtful accounts are receivables that a company believes might become uncollectible in the future, leading to their designation as a bad debt expense.