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Home  My courses  BUS 1102 - AY2020-T5  Final Exam (Days 1 - 4)  Final Exam

Question 1 Not yet answered Marked out of 1.00

The allowance for Doubtful Accounts represents:

Select one:

a. Cash set aside to make up for bad debt losses

b. The amount of uncollectible accounts previously written o

c. The di erence between the face value of accounts receivable and the net realizable
value of the accounts receivable

d. The di erence between total credit sales and cash sales

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Question 2 Not yet answered Marked out of 1.00

Net income is best described as:

Select one:

a. Cash receipts less cash payments made during a given accounting period.

b. Revenue earned during an accounting period, less expenses incurred during the
period.

c. The increase in total assets over a given accounting period.

d. Revenue earned during an accounting period, less any cash payments made during
the period.

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