Archer Company and Zorro Company Both Have Significant Amounts of Accounts

question 107

True/False

Archer Company and Zorro Company both have significant amounts of accounts receivable at any time,and both experience uncollectible accounts from time to time.Archer uses the aging method to account for uncollectible accounts,and Zorro uses the direct write-off method.Zorro Company's method complies with GAAP and produces a better matching of revenues and expenses than does Archer Company's method.

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