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

---

Definitions:

Blueberry Farm

A type of agricultural operation dedicated to the cultivation and harvesting of blueberries.

Conversion

The unauthorized act of taking or using someone's property as if it were one's own, often leading to civil legal actions.

Fitness Watch

A wearable device designed to monitor and record various health and fitness metrics, such as steps taken, heart rate, and calories burned.

Cut-Price Store

A retail outlet offering goods for sale at significantly reduced prices, often specializing in discounts or bulk purchasing options.