Examlex
Insert the correct response. Reduce fractions to the lowest terms.
-Change 44% to a proper fraction. ____________________
Allowance for Doubtful Accounts
A contra-asset account used to estimate the amount of receivables that may not be collectible.
Net Income
A company's total earnings or profit, calculated as revenue minus expenses, taxes, and costs.
FOB Destination
A shipping term indicating that the seller is responsible for the goods until they are delivered to the buyer's specified location, whereupon title and risk of loss pass to the buyer.
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