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Under statement of financial performance method of estimate

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Reference no: EM132936052

Problem 1: Under the statement of financial performance method of estimating likely bad debts:

a. a percentage, based on past experience, is applied to profit.

b. an estimate of bad debts is made by the accountant.

c. a percentage, based on past experience, is applied to credit sales.

d. accounts receivable are 'aged' to establish likely bad debts.

Reference no: EM132936052

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