Listed Below Are Ten Terms Followed by a List of Phrases

question 115

Multiple Choice

Listed below are ten terms followed by a list of phrases that describe or characterize five of the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
-_____ Contra asset that represents the estimated amount of future bad debts.

• A)Accounts receivable
• B)Allowance method
• C)No effect
• D)Direct write-off method
• E)Net realizable value
• F)Aging method
• G)Bad debt expense
• H)Receivables written off
• I)Decrease assets and increase expenses
• J)Allowance for uncollectible accounts

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Definitions:

Teleconferencing

A communication method that allows multiple participants to hold meetings or discussions remotely over telephone or internet connections.

Oral Medium

A communication channel that employs spoken language to convey messages.

Minimize Distortion

Efforts to reduce misinterpretation or alteration of information as it is communicated or transferred from one source to another.

Oral from Person

Communication or information transmitted directly through spoken word from one individual to another.