Allied Services Is a Transportation Company That Operates in Most

question 92

Multiple Choice

Allied Services is a transportation company that operates in most of the United States. If Allied Services decided to incorporate, in which state would it incorporate?

• A) Nebraska, the state in which it started
• B) Whatever state contributes the most to company revenues
• C) The state where the company headquarters are located
• D) Any state that the company chooses
• E) A centrally located state within the United States

---

Definitions:

Fully Paid

Fully Paid denotes a status where all required payments for a service or product have been completed, with no outstanding amounts due.

Allowance Account

An accounting provision used to create a reserve for accounts receivable that may not be collected in full.

Doubtful Accounts

Accounts receivable that a company believes might become uncollectible in the future, leading to potential losses.

Due Date

The specific date by which a task must be completed or a payment must be made to avoid penalties.