The Direct Write-Off Method of Accounting for Uncollectible Accounts

question 4

Multiple Choice

The direct write-off method of accounting for uncollectible accounts

• A)emphasizes the matching of expenses with revenues.
• B)emphasizes balance sheet relationships.
• C)emphasizes cash realizable value.
• D)is not generally accepted as a basis for estimating bad debts.

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Definitions:

RIASEC

A model also known as Holland Codes, categorizing career choices and work environments into six general types: Realistic, Investigative, Artistic, Social, Enterprising, and Conventional.

Practical

Concerned with the actual doing or use of something rather than with theory and ideas.

Traditional

Pertaining to customs, beliefs, or practices that have been passed down through generations or have been established by long usage.

Constructs

Conceptual elements or tools used to measure or represent phenomena in the scientific and psychological fields.