Virtue-based ethical theories ______.

A) focus on the actions of leaders
B) are about the leader's character
C) are duty driven
D) focus on the consequences of leader actions

A company has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.Experience suggests that 6% of outstanding receivables are uncollectible.The current credit balance (before adjustments)in the allowance for doubtful accounts is $1,200.The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for $4,800.