Estimating Uncollectible Accounts by Analyzing Receivables from Specific Customers According

question 71

Multiple Choice

Estimating uncollectible accounts by analyzing receivables from specific customers according to how long each has been outstanding is known as the:

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

---

Definitions:

Cell

The basic structural, functional, and biological unit of all living organisms, or a device that converts chemical energy into electrical energy in a battery.

Specific Gravity

A dimensionless number that describes the ratio of the density of a substance to the density of a reference substance, typically water at 4 °C.

Acid

A chemical substance that donates protons or accepts electrons and has a sour taste.

Water

A ubiquitous chemical substance with the formula H2O, essential for all known forms of life and used as a solvent among its numerous roles.