Countershading of Fish

question 50

Multiple Choice

Countershading of fish

• A) makes them more visible.
• B) causes them to be more transparent.
• C) reduces their visibility from above and below.
• D) is a sign of sexual maturity.
• E) None of these are correct; fish do not exhibit countershading.

---

Definitions:

Uncollectible Receivables

Accounts receivable that cannot be collected from customers, often written off as a bad debt expense.

Writing Off

The process of acknowledging that a portion of a debt or an asset has become uncollectible or worthless and removing it from the financial statements.

Income Statement

A summary of the revenue and expenses for a specific period of time, such as a month or a year.

Contra Asset

An account on a company's balance sheet that reduces the total amount of the asset accounts, often used to account for depreciation or allowances for bad debts.