Which of the Following Statements Is Not Correct

question 65

Multiple Choice

Which of the following statements is not correct?

• A)When using the direct charge-off method, there is no Allowance for Doubtful Accounts account.
• B)The use of the direct charge-off method of recording losses from uncollectible accounts usually results in the balance in the Accounts Receivable account being overstated.
• C)The direct charge-off method of recording losses from uncollectible accounts is the method required by Federal income tax laws.
• D)The direct charge-off method of recording losses from uncollectible accounts is an application of the matching principle.

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Definitions:

Logical Expressions

Combinations of variables, constants, and operators that evaluate to true or false, used in control flow statements.

Logical And Operator

A binary operator that returns true if both operands are true and false otherwise, commonly represented as && in many programming languages.

Logical Not Operator

A unary operator (!) that inverts the truth value of its operand.

Expressions True

Refers to expressions in programming that evaluate to a Boolean true value.