Bad debt expense is ____.
A. the cost of sending repeat bills to a non-paying customer
B. the cost of hiring a collection agency
C. the amount of revenue due that is written off as uncollectible
D. the penalties paid for making late payments on loans or bills
Answer: C
You might also like to view...
Which three factors are considered in determining resource-based fee structures?
What will be an ideal response?
The ice rescue ensemble includes a(n) ____, insulated suit that protects the wearer from submersion and the freezing cold water should the rescuer break through the ice.
A. aluminized B. self-contained C. buoyant D. cotton
ICD-10-PCS procedure codes are used on which of the following forms to report services provided to a patient?
A. UB-04 B. CMS-1500 C. CMS-1491 D. MDC 02
Which activity can only be performed by a veterinarian?
A. diagnosis of disease B. paying bills C. scheduling appointments D. cleaning ears