Match the following terms with the explanations below. If no term fits the explanation write none
$$\begin{array} { | l | l | l | }
\hline \text { Accounts Receivable Turnover Rate } & & \text { Financial Assets } \
\hline \text { Allowance for Impairment } & & \text { Irvestments in Securities } \
\hline \text { Cash Equivalents } & & \text { Mark-to-Market } \
\hline \text { Direct Write Off Method } & & \text { Gain on Fair Value Charnes } \
\hline
\end{array}$$ (1) A means of accounting for uncollectibles which does not recognize any expense until specific receivables are determined to be worthless.
(2) An account showing the amount of estimated uncollectible receivables.
(3) The process of estimating uncollectible accounts by classifying accounts receivables by age groups.
(4) Dividing net sales by average receivables to create a ratio to measure the liquidity of accounts receivable.
(5) Very short-term liquid investments which must mature within 90 days of acquisition.
(6) Cash and assets convertible directly into known amounts of cash.
(7) An account showing the difference between the cost of an investment in securities and its market value.
(8) The value of a note at its maturity date.
(9) Highly liquid investments that can be sold in organized securities exchanges.

Question

Match the following terms with the explanations below. If no term fits the explanation write none
 $$\begin{array} { | l | l | l | } 
\hline \text { Accounts Receivable Turnover Rate } & & \text { Financial Assets } \
\hline \text { Allowance for Impairment } & & \text { Irvestments in Securities } \
\hline \text { Cash Equivalents } & & \text { Mark-to-Market } \
\hline \text { Direct Write Off Method } & & \text { Gain on Fair Value Charnes } \
\hline
\end{array}$$ (1) A means of accounting for uncollectibles which does not recognize any expense until specific receivables are determined to be worthless.
(2) An account showing the amount of estimated uncollectible receivables.
(3) The process of estimating uncollectible accounts by classifying accounts receivables by age groups.
(4) Dividing net sales by average receivables to create a ratio to measure the liquidity of accounts receivable.
(5) Very short-term liquid investments which must mature within 90 days of acquisition.
(6) Cash and assets convertible directly into known amounts of cash.
(7) An account showing the difference between the cost of an investment in securities and its market value.
(8) The value of a note at its maturity date.
(9) Highly liquid investments that can be sold in organized securities exchanges.

Quizplus · Accepted Answer

The Answer of Match the following terms with the explanations below. If no term fits the explanation write none
 $$\begin{array} { | l | l | l | } 
\hline \text { Accounts Receivable Turnover Rate } & & \text { Financial Assets } \
\hline \text { Allowance for Impairment } & & \text { Irvestments in Securities } \
\hline \text { Cash Equivalents } & & \text { Mark-to-Market } \
\hline \text { Direct Write Off Method } & & \text { Gain on Fair Value Charnes } \
\hline
\end{array}$$ (1) A means of accounting for uncollectibles which does not recognize any expense until specific receivables are determined to be worthless.
(2) An account showing the amount of estimated uncollectible receivables.
(3) The process of estimating uncollectible accounts by classifying accounts receivables by age groups.
(4) Dividing net sales by average receivables to create a ratio to measure the liquidity of accounts receivable.
(5) Very short-term liquid investments which must mature within 90 days of acquisition.
(6) Cash and assets convertible directly into known amounts of cash.
(7) An account showing the difference between the cost of an investment in securities and its market value.
(8) The value of a note at its maturity date.
(9) Highly liquid investments that can be sold in organized securities exchanges.

Match the Following Terms with the Explanations Below (1) a Means of Accounting for Uncollectibles Which Does Not