Match the Terms Used to Describe Groups with Shared Values

question 10

Multiple Choice

Match the terms used to describe groups with shared values, beliefs, norms, patterns, and practices.
-Persons who have unique cultural,social,and linguistic heritage

• A)Race
• B)Gender
• C)Ethnicity
• D)Social class
• E)Socialization

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Definitions:

Balance Sheet Approach

A method in accounting that focuses on valuing assets and liabilities at their current fair market values.

Adjusting Journal Entry

A journal entry made at the end of an accounting period to allocate income and expenses to the appropriate periods.

Allowance for Doubtful Accounts

This is a subsidiary asset account created to approximate the amount of accounts receivable that could potentially be non-collectable.

Bad Debts Expense

An expense account reflecting estimated uncollectible amounts from customers for credit sales made in a specific period.