Which Entry Would Be the Correct Entry to Record Pledges

question 5

Multiple Choice

Which entry would be the correct entry to record pledges of $100,000 to a public television fundraiser? The public television organization estimates that 5% of the funds will be uncollectible.

• A) Option A
• B) Option B
• C) Option C
• D) Option D
• E) Option E

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Definitions:

Blizzard

A severe snowstorm characterized by strong sustained winds of 35 mph or more and lasting for a prolonged period of time, typically three hours or more.

Fallacy Of Accident

A logical error that occurs when an argument mistakenly applies a general rule to a specific case that is exceptional or atypical.

Rule Of Thumb

A practical and approximate way of doing or measuring something, based on experience rather than exact calculations.

Hasty Generalization

A logical fallacy where a conclusion is reached on the basis of insufficient evidence, generalizing too quickly from too little information.