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A couple in their sixties has assumed responsibility for raising their two grandchildren ages 9 and 12 because the children's parents died in a car accident.Which of the following is nursing interventions is a priority to help the grandparents cope with the responsibility of raising their grandchildren?
Allowance for Doubtful Accounts
An estimate of the receivables that may not be collected, reducing gross receivables to a more realistic net value.
Uncollectible Receivables
Accounts receivable that a company has determined are unlikely to be collected and thus are written off as a bad debt expense.
Bad Debt Expense
An expense reported on the income statement, reflecting the cost of debts that are deemed uncollectible.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the amount of accounts receivable that may not be collectible.
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