The Direct Write Off Method of Accounting for the Impairment

question 77

Multiple Choice

The direct write off method of accounting for the impairment of receivables

• A)is never acceptable.
• B)is an acceptable method when the effect of not applying the allowance method would be
• Highly immaterial.
• C)is specifically disallowed under IFRS.
• D)usually results in the same net income as the allowance method.

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Definitions:

Acid PH

A measure indicating a solution is acidic, typically having a pH value below 7, which denotes a higher concentration of hydrogen ions.

Ear Irrigation

A procedure for removing earwax or foreign materials from the ear canal using a stream of liquid.

Pinna

The visible part of the ear that is outside the head, which functions in capturing sound waves and directing them into the ear canal.

Anterior Aspect

Refers to the front surface or position of a part of the body.