The Aging-Of-Receivables Method of Estimating Uncollectible Accounts Is

question 132

Multiple Choice

The aging-of-receivables method of estimating uncollectible accounts is:

• A)not an acceptable method of estimating bad debts.
• B)a balance sheet approach,since it focuses on accounts receivable.
• C)an income statement approach,since it focuses on the amount of expense to be reported on the income statement.
• D)is required to be used by all companies because it focuses on what should be the most relevant and faithful representation of accounts receivable on the balance sheet.

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