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The Most Recent Board Meeting of the International Listening Association

question 51

Multiple Choice

The most recent board meeting of the International Listening Association took place through Skype®,a free program downloaded on to a computer that permits those in the contact list to have a voice-to-voice conversation over the computer.This type of meeting was a(n) _____ meeting.


Definitions:

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and practices used in the United States to ensure the accuracy and consistency of financial reporting.

Bad Debt Expense

A charge to the income statement that represents the amount of non-collectable accounts receivable that occurs in a given period.

Open Invoice

An invoice that has been issued by a seller to a buyer, but has not yet been paid.

Credit Card Payment

A transaction method allowing purchasers to buy goods or services using credit issued by a bank or financial institution.

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