​Which of the Following Subsectors of the Government Supersector Is

question 1

Multiple Choice

​Which of the following subsectors of the government supersector is also called the not-for-profit sector?

• A)​federal government
• B)​state and local government
• C)​advocacy,grantmaking,and civic organizations
• D)​information sector
• E)​arts,entertainment,and recreation

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Definitions:

Bad Debt Expense

An accounting term representing the amount of revenue considered uncollectible from customers or clients, typically recorded as an expense.

Credit Sales

Sales made on credit, allowing customers to purchase goods or services and pay at a later date.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated portion of accounts receivable which may not be collected due to customer defaults.

Bad Debt Expense

The cost recognized by a company because of the expectation that certain accounts receivable will not be collected.