Match the Following Terms with the Explanations Below _______ (1) a Means of Accounting for Uncollectibles Which Does

question 165

Essay

Match the following terms with the explanations below. If no term fits the explanation write none
$$\begin{array} { | l | l | l | } \hline \text { Accounts Receivable Turnover Rate } && \text { Financial Assets } \\\hline \text { Allowance for Doubtful Accounts } && \text { Marketable Securities } \\\hline \text { Cash Equivalents } && \text { Mark-to-Market } \\\hline \text { Direct Write Off Method } && \text { Unrealized Gain } \\\hline\end{array}$$
_______ (1) A means of accounting for uncollectibles which does not recognize any expense until specific receivables are determined to be worthless.
_______ (2) An account showing the amount of estimated uncollectible receivables.
_______ (3 ) The process of estimating uncollectible accounts by classifying accounts receivables by age groups.
_______ (4) Dividing net sales by average receivables to create a ratio to measure the liquidity of accounts receivable.
_______ (5) Very short-term liquid investments which must mature within 90 days of acquisition.
_______ (6) Cash and assets convertible directly into known amounts of cash.
_______ (7) An account showing the difference between the cost of an investment in marketable securities and its market value.
_______ (8) The value of a note at its maturity date.
_______ (9) Highly liquid investments that can be sold in organized securities exchanges.

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Definitions:

Moral Consequences

The ethical outcomes or implications of a decision or action, affecting one's character and the well-being of others.

Treat Others

The principle or practice regarding how individuals interact with and behave towards others.

Canadians

Citizens of Canada or individuals residing in Canada, often characterized by their diverse cultural backgrounds.

Unethical Behaviour

Conduct that breaches established norms or principles governing professional and moral conduct, potentially harming individuals or groups.