Which of the Following Are Two Methods of Estimating Uncollectible

question 122

Multiple Choice

Which of the following are two methods of estimating uncollectible receivables?

• A)allowance method and amortization method
• B)aging-of-accounts-receivable method and percent-of-sales method
• C)gross-up method and direct write-off method
• D)direct write-off method and percent-of-completion method

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Definitions:

Period

A length or portion of time, often defined for specific calculations or measurements.

Ratio

A quantitative relationship between two numbers showing how many times one value contains or is contained within the other.

Express

To show, manifest, or reveal something through words, gestures, actions, or artistic expression.

Proportion

A portion, fraction, or quantity assessed in relation to its total entity.