Which of the Following Would Most Likely Be Considered Complements

question 449

Multiple Choice

Which of the following would most likely be considered complements?

• A) butter and margarine
• B) rental cars and taxis
• C) plastic wrap and aluminum foil
• D) tennis rackets and tennis balls

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Definitions:

Bad Debt Expense

Bad debt expense is an estimate of the uncollectible amounts for credit sales or loans extended, recognized as an expense in the income statement.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Accounts Receivable

Money owed by customers to a company for goods or services provided on credit.

Notes Receivable

A customer’s written promise to pay an amount and possibly interest at an agreed-upon rate.