The _________ to the U

question 57

Short Answer

The _________ to the U.S. Constitution states that when the president believes that he or she is incapable of performing the duties of the office, he or she must inform Congress in writing of this fact.
A) Fifth Amendment
B) Twenty-fifth Amendment
C) Nineteenth Amendment
D) Twenty-seventh Amendment

• A) Fifth Amendment
• B) Twenty-fifth Amendment
• C) Nineteenth Amendment
• D) Twenty-seventh Amendment

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Definitions:

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that may not be collected, which is used to adjust the gross accounts receivable to its net realizable value.

Estimate

An approximate calculation or judgment of the value, number, quantity, or extent of something, often used in planning and decision-making.

Balance Sheet Approach

A method used to calculate the amount required in the Allowance for Doubtful Accounts to cover expected uncollectibles. This method is based on the Accounts Receivable amount and the aging process. The adjustment to the Allowance for Doubtful Accounts will bring the new balance of that account to the new required level.

Bad Debts Expense

The portion of receivables that a company does not expect to collect and writes off as a loss.