Which of the Following Constitutes Four Types of Social Communities

question 63

Multiple Choice

Which of the following constitutes four types of social communities?

• A) social networking sites, message boards, forums, and wikis
• B) microsharing sites, media sharing sites, and social bookmarking and news sites
• C) social games and gaming sites, socially enabled console games, alternate reality games, and virtual world
• D) reviews and ratings, deal sites and deal aggregators, social shopping markets, and social storefronts
• E) the Internet, social software, devices, and social media users

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Definitions:

Bad Debts Expense

An expense reported on the income statement, representing the estimated amount of credit sales that are not expected to be collected.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that may not be collectible.

Bad Debts Expense

A non-cash expense that represents accounts receivable that a company no longer expects to collect, indicating customers are unlikely to pay their outstanding debts.

Allowance Method

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