Houff Company Uses the Allowance Method to Account for Uncollectible

question 34

Multiple Choice

Houff Company uses the allowance method to account for uncollectible accounts.An account that had been previously written-off as uncollectible was recovered.How would the recovery affect the company's accounting equation?

• A)Increase assets and increase equity.
• B)Increase assets and decrease liabilities.
• C)Reduce liabilities and increase equity.
• D)Have no effect on assets,liabilities or equity.

Recognize different forms of authentication mechanisms.

Know the functionality and purpose of hardware firewalls.

Distinguish between different types of network addresses.

Identify different types of servers used in a network.

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Definitions:

False Imprisonment

The unjustified detention or confinement of a person without legal authority or their consent.

Slander and Libel

Defamation in two forms: slander, which is spoken defamation, and libel, which is defamation in a fixed medium such as writing or broadcasting.

Indecency

Conduct deemed inappropriate or offensive in a public context, often relating to nudity, sexuality, or impropriety.

Probable Cause

A reasonable ground for presumption of guilt in criminal cases, or the existence of evidence justifying legal action.