Solution-Which allowance method generally is considered

Which allowance method generally is considered preferable

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Reference no: EM132933217

Question 1: The allowance method generally is considered preferable to the direct write-off method because the allowance method:

Option 1: reflects the actual facts as they have taken place.
Option 2: recognizes expense when a specific account is determined to be uncollectible.
Option 3: recognizes the expense of a bad debt in the same period as the sale.
Option 4: None of these.
Option 5: relies on estimates which are always accurate and stable among years.

Reference no: EM132933217

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Which allowance method generally is considered preferable

Reference no: EM132933217

Reference no: EM132933217

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