The Way to Estimate Uncollectible Accounts by Analyzing Individual Accounts

question 94

Multiple Choice

The way to estimate uncollectible accounts by analyzing individual accounts receivable according to the length of time they have been outstanding is known as the:

• A)aging-of-receivables method.
• B)percent-of-sales method.
• C)allowance method.
• D)direct write-off method.

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Definitions:

Deindividuation

A psychological state characterized by reduced self-awareness and diminished personal responsibility, often occurring in group settings.

Religious Beliefs

The faith or convictions related to the nature, existence, worship, and practices concerning a supernatural power or god(s).

White Americans

Individuals residing in the United States who identify as having origins in any of the original peoples of Europe, the Middle East, or North Africa.

Noncompetitive Contact

Interaction between individuals or groups that does not involve competition or direct confrontation.