The Allowance for Doubtful Accounts,which Appears as a Deduction from Accounts

question 59

Multiple Choice

The allowance for doubtful accounts,which appears as a deduction from accounts receivable on a balance sheet,is an application of the

• A) going-concern assumption.
• B) revenue recognition principle.
• C) matching principle.
• D) materiality constraint.

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Definitions:

Adults

Individuals who are considered to have reached maturity in their society, typically marked by reaching a certain age or developmental milestone.

Plagiarized

The act of copying someone else's work and presenting it as one's own without proper attribution.

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Individuals enrolled in an institution of higher education to pursue a degree or certification.

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A proportion or share in relation to a whole, represented as a fraction of 100.