In Early 2010,the Issue of Relatively Low Wages Paid by _____

question 32

Multiple Choice

In early 2010,the issue of relatively low wages paid by _____ subcontractors made the headlines after a number of suicides by workers at factories run by Foxconn.

• A) Vietnamese
• B) Malaysian
• C) Mexican
• D) Chinese

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Definitions:

Allowance for Doubtful Accounts

A method used in accounting to estimate the portion of accounts receivable that may not be collected.

Contra Asset

An account that is used to reduce the value of a related asset, such as accumulated depreciation reducing the book value of fixed assets.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, indicating the side which increases the account.

Allowance Method

A financial method that estimates the value of debts unlikely to be collected by determining uncollectible accounts each period's end.