meandmines
Jan 9, 2013, 08:46 PM
Which of the following statements is FALSE about the allowance method for uncollectible accounts?
(Points : 2)
A) Expense is recorded during end of the period adjustments.
B) Bad debt expense is estimated and matched with sales.
C)The method is acceptable under GAAP.
D) This method is not acceptable under GAAP.
(Points : 2)
A) Expense is recorded during end of the period adjustments.
B) Bad debt expense is estimated and matched with sales.
C)The method is acceptable under GAAP.
D) This method is not acceptable under GAAP.