Confucianism Stresses All of the Following Ideals,EXCEPT

question 35

Multiple Choice

Confucianism stresses all of the following ideals,EXCEPT

• A) the importance of the family.
• B) deference to authority.
• C) the importance of ethics.
• D) respect for tradition.
• E) the need for bureaucratic positions to be passed down through family lines.

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Definitions:

Allowance Method

An accounting technique used to estimate and account for potential uncollectible accounts receivable as an expense against current period income.

Bad Debts Expense

An expense recognized when it is judged that some accounts receivable cannot be collected, reflecting the cost of credit sales that will not turn into cash.

Allowance for Doubtful Accounts

A reserve account used to estimate the amount of receivables that may not be collectible.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.