Under GAAP,which of the Following Is NOT an Acceptable Method

question 57

Multiple Choice

Under GAAP,which of the following is NOT an acceptable method of estimating the amount of bad debt expense at the end of the accounting period?

• A) percent-of-receivables
• B) percent-of-sales
• C) direct write-off
• D) aging-of-receivables

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Definitions:

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse from one neuron to another target neuron.

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Unipolar Depression

A major depressive disorder characterized by a persistent feeling of sadness or lack of interest in external stimuli, affecting a person's thoughts, behavior, and feeling of well-being.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of psychiatric disorders used by healthcare professionals.