Which of the Following Statements Is True

question 21

Multiple Choice

Which of the following statements is true?

• A)People who experience more "wear and tear" of their bodies tend to live longer than people who do not experience as much wear and tear.
• B)Longevity results when a person does not wear out his or her digestive system by eating too much food.
• C)People whose cells are able to repair their damaged DNA may live longer than people whose cells do not have this ability.
• D)Longevity is a natural change that results when the human body reaches 85 years of age.

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Definitions:

Bad Debts

Amounts owed to a company that are not expected to be collected, often recognized as an expense on the income statement.

Adjusting Entry

Journal entries made at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.

Allowance Method

An accounting technique used to estimate and prepare for the amount of accounts receivable that may not be collected.

Contra Asset Account

An account on a company's balance sheet that reduces the value of a related account, used to account for items like depreciation, amortization, and allowances for doubtful accounts.