Under the Direct Charge-Off Method of Dealing with Uncollectible Accounts

question 13

Multiple Choice

Under the direct charge-off method of dealing with uncollectible accounts,

• A)revenues and expenses are properly matched.
• B)Accounts Receivable is shown on the balance sheet at net realizable value.
• C)Uncollectible Accounts Expense is recorded in the period of the sale.
• D)no Allowance for Uncollectible Accounts exists.

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Definitions:

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, until it is paired with an unconditioned stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that unconditionally—naturally and automatically—triggers a response.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.