If You Are Unable to Remember the Name of Your

question 170

Multiple Choice

If you are unable to remember the name of your second grade teacher because you haven't thought of her in awhile, you are demonstrating

• A) the serial position effect.
• B) transience.
• C) misattribution.
• D) absent-mindedness.
• E) encoding specificity.

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Definitions:

Bad Debts Expense

The cost associated with the estimated amount of receivables that a company is unable to collect from its customers.

Balance Sheet Approach

A method used for estimating uncollectible accounts by analyzing the accounts receivable on the balance sheet.

Bad Debts Expense

The portion of receivables that are estimated to be uncollectible due to customer defaults.

Bad Debts Recovered

Income received from previously written-off accounts receivable that have unexpectedly been collected.