Under IFRS, Which of the Following Is Not Permitted for Accounting

question 76

Multiple Choice

Under IFRS, which of the following is not permitted for accounting for material amounts of uncollectable accounts receivable?

• A)Percentage of receivables, allowance method.
• B)Percentage of sales, allowance method.
• C)Direct write-off method.
• D)All of the choices are acceptable under IFRS.

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Definitions:

Xfinitywifi

A public Wi-Fi network provided by Comcast through its Xfinity internet service, allowing customers to connect to the internet in various locations.

Jenn's iPhone

Likely a personalized name for a specific iPhone device, indicating ownership or usage by an individual named Jenn.

NAS Device

A Network Attached Storage device, which is a file-level storage server connected to a computer network providing data access to a group of clients.

LTE

LTE, or Long-Term Evolution, represents a standard for wireless broadband communication for mobile devices and data terminals, aimed at increasing speed and capacity.