In Estimating the Amount of Uncollectible Accounts the Accountant (1)

question 45

Multiple Choice

In estimating the amount of uncollectible accounts the accountant (1) estimates the amount of outstanding accounts receivable that the firm does not expect to collect and (2) adjusts the balance in the Allowance for Uncollectible Accounts so that, after the entry to recognize estimated uncollectibles, the balance in the account will equal the amount that the firm does not expect to collect.The name of this procedure is/are:

• A)the percentage-of-sales.
• B)aging-of-accounts-receivable.
• C)direct write-off.
• D)tax accounting.
• E)indirect write-off.

Being aware of cultural differences in communication and interpersonal interaction.

Acknowledging the impact of a helper’s personal reactions and the political context in multicultural counseling.

Understanding the concept and effects of racial microaggressions.

Recognizing the role of social justice in counseling and the goal of empowering marginalized and oppressed individuals.

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Definitions:

Social Networking

The use of internet-based platforms and technologies to build, engage, and share content with a network of contacts, often for personal, professional, or marketing purposes.

Rules of Behaviour

Established guidelines or norms that dictate the acceptable ways individuals are expected to act within a society, group, or context.

Community Engagement

Involves the process of working collaboratively with community groups to address issues that impact their well-being.

Brand Superiority

The perceived advantage or dominance of a brand over its competitors, based on qualities like performance, quality, value, or consumer preference.