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In a study cited in the text (Deary et al., 2015) , a cohort of individuals was given an IQ test at age 11 and again at age 79. The authors of this study reported that individuals with a certain variant of the APOE gene showed a decrease in IQ scores between ages 11 and 79, whereas individuals with another variant of this gene showed no change in IQ scores between ages 11 and 79. These results suggest that ______.
Allowance Method
An accounting technique used to estimate and account for bad debts, allowing a company to anticipate and reduce accounts receivable to a more realistic value.
Accounts Receivable
Money owed to a business by its customers for goods or services delivered but not yet paid for.
Allowance for Doubtful Accounts
A contra-asset account designated to approximate the amount of a company's accounts receivable that is likely uncollectible.
Adjusting Entry
Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.
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