The Preferred Method of Accounting for Uncollectible Accounts Is The

question 35

Multiple Choice

The preferred method of accounting for uncollectible accounts is the:

• A) actual method.
• B) net realizable method.
• C) direct write-off method and the net realizable method.
• D) allowance method.

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Definitions:

Nucleic Acid

A molecule made up of nucleotides that carry genetic information or form structures within the cell, examples include DNA and RNA.

Complementary Strand

In genetics, this refers to a sequence of DNA or RNA that is made to pair with a specific sequence of nucleotides through base pairing.

DNA

DNA, or deoxyribonucleic acid, is a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Complementary Strand

In molecular biology, a strand of nucleic acid that can form a double-stranded structure by matching each base with its complement.