The Percent-Of-Sales Method of Computing Uncollectible Accounts Is Used For

question 42

Multiple Choice

The percent-of-sales method of computing uncollectible accounts is used for:

• A) interim statements because it is more accurate than the aging method.
• B) annual statements because it is more accurate than the aging method.
• C) interim statements because it is easier than the aging method.
• D) annual statements because it is easier than the aging method.

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Definitions:

Equation

A mathematical statement that asserts the equality of two expressions, symbolized by the use of an equals sign.

Solve

To find the solution to a problem or the answer to a question, especially in mathematics.

Solution

A solution in mathematics refers to the value or set of values that satisfy an equation, inequality, or system of equations.

Equation

A mathematical statement that asserts the equality of two expressions, typically containing one or more variables.