Your Aunt Has a Fear That Makes It Difficult for Her

question 63

Multiple Choice

Your aunt has a fear that makes it difficult for her to leave her home. She feels trapped and is unable to work or engage in any kind of activity that requires going outside of her home. You are not surprised when you find out your aunt is diagnosed with ________.

• A) trypanophobia
• B) odontophobia
• C) agoraphobia
• D) a specific phobia

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Estimated Amount

A projection or approximation of a financial figure often used in budgeting or forecasting.

Allowance Method

A method used in accounting to estimate and account for bad debts, representing the amount of accounts receivable that may not be collected.

Allowance for Doubtful Accounts

A contra asset account that represents the estimated portion of accounts receivable that may not be collectible.