Justus Shows a Lack of Guilt for His Actions, a Lack

question 73

Multiple Choice

Justus shows a lack of guilt for his actions, a lack of empathy for others, and a lack of concern for performance at school or work. This demonstrates:

• A) callousness.
• B) blame of others.
• C) limited prosocial emotions.
• D) deficient affect.

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Definitions:

Allowance for Doubtful Accounts

An accounting concept referring to an estimate of the amount of receivables that may not be collected, which is used to reduce the total accounts receivable reported on the balance sheet.

Prior-Period Adjustments

Adjustments made to the financial statements to correct errors or omissions in previously issued financial statements from prior periods.

Trade Receivables

The amounts owed to the business by customers for products or services that have been delivered or used but not yet paid for.

Sales Discount

A reduction in the price of goods or services offered to customers, typically to prompt early payment or bulk purchases.