Under the Direct Write-Off Method, the Entry to Write Off

question 153

Multiple Choice

Under the direct write-off method, the entry to write off an uncollectible account of $3,400 includes a:

• A)debit to Accounts Receivable for $3,400.
• B)credit to Uncollectible-Account Expense for $3,400.
• C)debit to Uncollectible-Account Expense for $3,400.
• D)debit to Allowance for Uncollectible Accounts for $3,400.

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Definitions:

Conflict Theorist

A sociologist or scholar who views social life as a competition and focuses on the distribution of resources, power, and inequality.

Functionalist Perspective

A sociological approach that views society as a complex system whose parts work together to promote solidarity and stability, focusing on the functions that different elements perform.

Economic Interests

Refers to the financial stakes or benefits that an individual, group, or organization has in certain outcomes.

Conflict Theory

A sociological perspective that emphasizes the role of power and inequality in shaping social relations and institutions.