Which of the Following Is Most Likely to Be Used

question 17

Multiple Choice

Which of the following is most likely to be used in determining a proper amount to be included in the allowance for doubtful accounts?

• A)Accounts receivable divided by Cost of goods sold.
• B)Aging of accounts receivable.
• C)Cash Sales divided by Accounts receivable.
• D)Year 2 accounts receivable compared to year one accounts receivable.

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Definitions:

One-way

A mode of communication or interaction that involves a message being sent from one party to another without expecting or allowing for a direct response or feedback.

Large Firms

Corporations or businesses that have a significant number of employees, a large volume of sales, or substantial assets.

Small Firms

Businesses characterized by a limited number of employees, often viewed as more agile but with lesser resources compared to larger corporations.

Low-context Cultures

Cultures that rely heavily on explicit communication and direct expression of thoughts and ideas.