In the Text,there Are Five Differences Listed Between Sport Spectators

question 7

Essay

In the text,there are five differences listed between sport spectators and participants.List two of these five and discuss.

---

Definitions:

Bad Debts Expense

The cost recognized by businesses for uncollectible accounts receivable due to customer defaults.

Installment Accounts Receivable

Money owed to a company for goods or services purchased on a payment plan, typically including interest charges.

Aging of Accounts Receivable

A report or process that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding.

Promissory Note

A written promise to pay a specified sum of money to a certain entity at a specified date or on demand.