A Company That Wishes to Be Easily Recognized Develops a Symbol

question 25

Multiple Choice

A company that wishes to be easily recognized develops a symbol for use on its products,correspondence,and advertising called a ____.

• A) binding
• B) logo
• C) scale
• D) portfolio

---

Definitions:

Accounts Receivable

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

Allowance For Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that is expected not to be collectible due to credit sales.

IFRS

International Financial Reporting Standards, a set of global accounting standards for financial reporting.

GAAP

A set of widely followed rules and standards in financial reporting, termed Generally Accepted Accounting Principles.