Incubator Facilities Are Established in Order To

question 5

Multiple Choice

Incubator facilities are established in order to:

• A)enhance economic development and diversify the local economy.
• B)revitalize central business districts.
• C)centralize types of businesses and provide tax breaks to those businesses.
• D)encourage businesses to locate in economically depressed areas of a city.

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Definitions:

Estimated Entry

An accounting entry made to record expected but not yet realized financial transactions or adjustments.

Net Realizable Value

The estimated selling price in the ordinary course of business, minus any costs reasonably expected to be incurred in completion, transportation, and selling.

Gross Accounts Receivable

The total amount owed to a business by its customers before adjusting for any allowances for doubtful accounts.

Allowance for Doubtful Accounts

A contra-asset account that represents the amount of receivables a company does not expect to collect.