The Direct Write-Off Method

question 167

Multiple Choice

The direct write-off method

• A) may be used only by businesses with five or fewer accounts receivable.
• B) is used by businesses whose receivables are a small part of their current assets.
• C) may not be used by companies that accept MasterCard or VISA.
• D) does not allow for reinstatement if the amount owed is received after being written off.

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Definitions:

Lymph Trunk

Large lymphatic vessels that drain lymph from different parts of the body and empty into the venous system.

Lymph Duct

A large vessel in the lymphatic system that drains lymph from various parts of the body back into the blood circulation.

Red Pulp

Tissue in the spleen composed of sinuses filled with blood, responsible for filtering out old or damaged blood cells.

White Pulp

Lymphatic tissue in the spleen composed mainly of lymphocytes and macrophages, involved in filtering blood and immune response.