The Expense Recognition (Matching)principle,as Applied to Bad Debts,requires

question 154

Multiple Choice

The expense recognition (matching) principle,as applied to bad debts,requires:

• A)That expenses be ignored if their effect on the financial statements is unimportant to users' business decisions.
• B)The use of the direct write-off method for bad debts.
• C)The use of the allowance method of accounting for bad debts.
• D)That bad debts be disclosed in the financial statements.
• E)That bad debts not be written off.

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