Globalization Has Resulted in the Creation of New International Organizations

question 9

Multiple Choice

Globalization has resulted in the creation of new international organizations.Research indicates that the growth of these organizations has:

• A) resulted in decreased political and economic autonomy for the U.S.
• B) successfully diminished international crimes, such as the torture of political prisoners.
• C) had little impact, if any.
• D) resulted in decreased political and economic autonomy for poorer nations.

Familiarize with concepts of cash equivalent value of receivables, including discounting of receivables.

Learn to prepare and interpret the balance sheet presentation of accounts receivable and allowance for doubtful accounts.

Grasp the direct write-off method and its implications for accounting for bad debts.

Prepare adjusting entries for bad debts using different estimation bases.