When Was the Policy of Multiculturalism Established in Canada

question 180

Multiple Choice

When was the policy of multiculturalism established in Canada?

• A) 1961
• B) 1971
• C) 1981
• D) 1991

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Definitions:

Allowance Method

An accounting technique used to anticipate and adjust for potential future losses from uncollectible accounts receivable.

Uncollectible Accounts

Accounts receivable that are recognized as not being collectible, leading to a write-off as a bad debt expense.

Bad Debts Expense

Bad debts expense is an estimate of the accounts receivable that a company does not expect to collect, treated as an expense on the income statement.

Payment on Account

A payment made towards an outstanding account balance, before the final settlement of the account.