Which of the Following Is Not a Significant Difference Between

question 107

Multiple Choice

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

• A)One method requires writing off of 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.

---

Definitions:

Diagnostic Agreement

The extent to which different diagnostic tools or health professionals reach the same conclusion when assessing the same condition or symptoms in a patient.

Genetically Influenced

Refers to traits, characteristics, or conditions that are shaped in part by an individual's genetic composition.

Generalized Anxiety Disorder

An anxiety disorder in which a person is continually tense, apprehensive, and in a state of autonomic nervous system arousal.

Autism Spectrum Disorder

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted and repetitive behavior.