Which of the Following Is Least Likely to Be Considered

question 41

Multiple Choice

Which of the following is least likely to be considered an act discreditable to the accounting profession?

• A)Disclosing confidential client information.
• B)Failure to comply with federal laws regarding the filing of tax returns.
• C)Knowingly disclosing CPA exam questions.
• D)Refusing to provide the client with copies of working papers the client prepared for the auditor.

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Definitions:

Allowance for Doubtful Accounts

A reserve against the portion of accounts receivable that may not be collectible, reducing the book value to the amount expected to be collected.

Gross Amount

The total or whole amount of something before any deductions, such as taxes or discounts, are made.

Allowance Method

An accounting technique that estimates and sets aside a portion of accounts receivable deemed not collectible.

Uncollectible Account

An uncollectible account is a receivable that a company is unable to collect, considered as bad debt or a write-off.