The Allowance for Doubtful Accounts Balance Will Not Be a Precise

question 86

Multiple Choice

The allowance for doubtful accounts balance will not be a precise amount because of which of the following reasons?

• A)It is an accounting estimate based upon judgment.
• B)GAAP is not clear on the calculation of the allowance.
• C)It is merely a reserve that is reversed by the client as income is needed for profitable results.
• D)The precision is determined by the results of confirmation responses.

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Definitions:

Peacemaking Criminology

An approach to criminology that focuses on the reduction of harm and the promotion of peace, employing nonviolent means to address and prevent crime.

Social Justice

The principle of fair and equitable treatment for all individuals, especially in regard to the distribution of wealth, opportunities, and privileges within a society.

Social Control

Mechanisms, strategies, and institutions society uses to enforce norms and laws, ensuring conformity and preventing deviant behavior.

Imperatives

Commands or duties that must be followed or fulfilled; often used to describe moral or ethical obligations.