Which of the Following Is TRUE of the Balance Sheet

question 114

Multiple Choice

Which of the following is TRUE of the balance sheet presentation of the Allowance for Bad Debts?

• A) It is reported as a current liability.
• B) It is reported as an operating expense.
• C) It is reported as a separate, independent line item under current assets.
• D) It is shown as a contra account related to accounts receivable.

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Definitions:

Postganglionic Neurons

Neurons that transmit impulses away from ganglia (collections of nerve cell bodies) in the autonomic nervous system to a target organ or tissue.

Terminal Ganglia

Groups of nerve cells situated close to or inside the organs they supply nerves to, playing a role in the autonomic nervous system.

Carotid Baroreceptors

Sensory receptors located in the carotid arteries that detect changes in blood pressure and help regulate cardiovascular function.

Glossopharyngeal Nerve

The ninth cranial nerve, which carries sensory and motor information to the pharynx, tongue, and other areas, playing a role in swallowing and taste.