________ Adds Considerable Value to Information, Particularly as a Means

question 79

Multiple Choice

________ adds considerable value to information, particularly as a means to avoid bias or spin.

• A)Timeliness
• B)Accuracy
• C)Relevance
• D)Completeness

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Definitions:

Aging of Receivable Method

An accounting technique used to estimate uncollectible debts by analyzing the age of accounts receivable.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of a company's accounts receivable that may ultimately not be collectible.

Bad Debts Expense

Bad debts expense represents the amount of receivables a company estimates it will not be able to collect from customers over a period.

Aging of Receivable Method

An accounting technique used to estimate bad debts by analyzing accounts receivable based on the length of time they have been outstanding.