The allowance for doubtful accounts is an example of what type of an account?
a. contra-equity
b. asset
c. contra-liability
d. contra-asset
e. liability
Answer: d. contra-asset
Business
You might also like to view...
When copyrighted material is used for purposes of criticism, news reporting, teaching, scholarship, and research, what does it constitute?
A) fair use B) infringement C) commissioned work D) publicity
Business
Money-back guarantees and honest sales and advertising presentations aid in _____
a. minimizing cognitive dissonance b. AIO measurement c. the problem awareness stage of consumer behavior d. studying psychographics
Business