Which of the Following Statements Is True with Respect to the Percentage-Of-Credit-Sales

question 64

Multiple Choice

Which of the following statements is true with respect to the percentage-of-credit-sales method for estimating uncollectible accounts?

• A)The amount recorded for bad debt expense does not depend on the balance of the allowance for uncollectible accounts.
• B)This method is referred to as the balance sheet approach.
• C)This method does not allow for future uncollectible accounts.
• D)Under this method,bad debt expense is recorded at the time of an actual bad debt.

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Definitions:

Continuous-Reinforcement

A learning schedule in which every occurrence of the desired behavior is reinforced, thereby facilitating the acquisition of the desired behavior.

Fixed-Ratio

In behavioral psychology, a schedule of reinforcement where a response is reinforced only after a specified number of responses.

Train

A series of connected vehicles traveling on railways, used for transporting people or cargo.

Biscuit

A small baked product that varies in texture and taste based on geography, ranging from hard and flat to soft and flaky.