A ____________________________ Would Utilize a Looser Reading of the Constitution

question 59

Short Answer

A ____________________________ would utilize a looser reading of the Constitution and read into it rights that the framers might have recognized or that should be recognized due to "evolving standards."

---

Definitions:

Percentage of Receivables Basis

An accounting method to estimate the allowance for doubtful accounts based on the expected uncollectibility of accounts receivable.

Allowance for Doubtful Accounts

A contra-asset account that reduces the total receivables reported on the balance sheet to reflect the amount expected to be uncollectible.

Percentage of Sales Method

A method used for financial forecasting that predicts future occurrences, such as expenses or inventory needs, based on a fixed percentage of sales.

Bad Debt Expense

The cost associated with accounts receivable that a company is unable to collect, considered as a loss.