References to Newspaper Articles Are NOT Listed in

question 20

Multiple Choice

References to newspaper articles are NOT listed in

• A)The Wall Street Journal Index
• B)The Funk and Scott Index of Corporations and Industries
• C)The Business Periodicals Index
• D)More than one of the above

---

Definitions:

Bad Debt Expense

The cost a company incurs because of the inability to collect payments from customers for credit sales, recognized as an expense.

Uncollectible Accounts

Accounts from which businesses are unable to obtain payment, often leading to writing off these amounts as a bad debt expense.

Allowance Method

A method used in accounting to estimate the amount of uncollectible accounts receivable. This ensures revenues and expenses are matched in the period they are incurred.

Allowance for Doubtful Accounts

This is a contra-asset account used to estimate the portion of accounts receivable that may not be collectible.