Which of the Following Is Not a Significant Difference Between

question 49

Multiple Choice

Which of the following is not a significant difference between the allowance method and the direct write-off method?

• A)One method requires writing off uncollectible accounts and the other does not.
• B)One method conforms to GAAP and the other typically does not.
• C)One method reports net realizable value on the balance sheet and the other does not.
• D)One method requires the estimation of uncollectible accounts and the other does not.

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Definitions:

Apply

To make a formal request or submission for something, such as a job, program, or permission.

Scope of Employment

The range of activities and duties that an employee is reasonably expected to perform as part of their job.

Employer

An individual or organization that hires and compensates personnel for their services or work.

Use Force

The act of using physical power or violence to accomplish a goal or enforce a decision.