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:

Insurance Information

Details and data pertaining to an individual's or entity's insurance policies, including coverage details, premiums, and beneficiary information.

Patient Care

The provision of services by healthcare professionals to patients, aiming at maintaining, improving, or managing health.

Prepared Document

A document that has been created, compiled, or written in advance for a specific use or purpose.

Supervisor Signature

An endorsement or approval by a supervisor or higher authority, often required on official documents.