Which of the Following Items Is a Pure Substance

question 45

Multiple Choice

Which of the following items is a pure substance?

• A)air
• B)seawater
• C)brass
• D)ice
• E)none of the above

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Definitions:

Bad Debts Expense

The cost reported by a company due to the unrecoverable credit it extended to its customers, representing expected losses from unpaid financial obligations.

Notes Receivable Account

An account on the balance sheet representing claims for payments from customers or other parties due within a year or more.

Dishonored Notes

Refer to promissory notes that have not been paid by the maker at maturity.

Accounts Receivable Method

A technique for estimating the amount of uncollectible accounts receivable and setting aside an allowance for bad debts, reflecting more accurate financial statements.