The Chemical Sedimentary Rock That Is Predominantly Calcium Magnesium Carbonate

question 96

Multiple Choice

The chemical sedimentary rock that is predominantly calcium magnesium carbonate is

• A) granite.
• B) limestone.
• C) coal.
• D) dolomite.
• E) shale.

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Definitions:

Bad Debt Expense

An estimated expense that represents accounts receivable that a company does not expect to collect due to customer defaults.

Uncollectible Accounts Expense

An expense account that represents money owed to a company that is not expected to be collected due to customer defaults.

Direct Write-off Method

An accounting method where bad debts or uncollectible accounts receivable are directly written off against income at the time they are deemed uncollectible.

Bad Debt Expense

The cost associated with accounts receivable that a company is unable to collect, considered as an expense on the income statement.