Which of the Following Should Be Discouraged for Parents of Children

question 63

Multiple Choice

Which of the following should be discouraged for parents of children who participate in sports?

• A)allowing the child to ask questions about the sport
• B)making sports fun
• C)allowing the child to make mistakes
• D)comparing the child to more talented children

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Definitions:

Uncollectible Accounts

Receivables that are considered to be uncollectable and are written off as a loss because payment is highly unlikely.

Net Credit Sales

The total value of sales made on credit during a period, minus any returns or allowances.

Income Statement Approach

A way of preparing financial statements where the focus is on determining net income or loss by subtracting expenses from revenues.

Net Credit Sales

The total revenue from sales made on credit minus any returns or allowances, reflecting the actual credit sales generated and collected by a business.