Which Statement Is True

question 28

Multiple Choice

Which statement is true?

• A) A single covalent bond involves 1 electron.
• B) A double covalent bond involves 4 electrons.
• C) A double covalent bond involves 8 electrons.
• D) A triple covalent bond is formed among 3 atoms.
• E) A triple covalent bond involves 12 electrons.

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Definitions:

Allowance Method

An accounting technique used to account for bad debts, where an estimated amount is deducted from accounts receivable to reflect possible non-collection.

Bad Debts

are amounts owed to a company that are considered uncollectible, leading to a financial loss.

Percentage of Sales

A financial analysis tool used to forecast future expenses, based on a fixed percentage of the total sales.

Allowance for Doubtful Accounts

A contra asset account on a company's balance sheet that estimates the amount of receivables that may not be collected.