When Bad Debts Exceed the Amount Estimated and Written Off

question 99

True/False

When bad debts exceed the amount estimated and written off in the previous accounting period,the company is required to issue amended financial statements.
BT: Knowledge

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Definitions:

Gestation

The period of development from the fertilization of an ovum until birth in pregnant mammals, including humans.

Dishabituation

The renewal of attention to a stimulus following a change, after initial habituation (or decreased response) to the same or similar stimuli.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response which is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.