The direct write-off method of accounting for bad debts is the preferred method under generally accepted accounting principles. does not require estimates of bad debt losses. uses an allowance account. uses a contra asset account quizler.

Rats that received electric shocks were unlikely to develop ulcers if the

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The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.