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H3Ko H3Ko
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7 years ago
Which of the following statements is true of the direct write-off method?
A) It is only suitable for small companies that have very few uncollectible receivables.
B) It provides better matching of revenues with expenses.
C) It results in more accurate net income than any other method.
D) GAAP requires public companies to follow the direct write-off method.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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#3
7 years ago
Happy to help Smiling Face with Open Mouth
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