The direct write-off method Multiple Choice is an acceptable alternative method of recognizing bad debt expense under GA

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The direct write-off method Multiple Choice is an acceptable alternative method of recognizing bad debt expense under GA

Post by answerhappygod »

The direct write-off method
Multiple Choice
is an acceptable alternative method of recognizing bad debtexpense under GAAP.
results in higher bad debt expense for most companies.
may only be used by companies that do not extend credit to theircustomers.
ignores the matching principle.
none of the other alternatives are correct
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”