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:

Iconic Memory

A type of visual memory that holds an image of a visual stimulus for a very short period of time.

Echoic Memory

Part of the sensory memory that specifically stores auditory information for a few seconds after the original sound is heard.

Implicit

Refers to something that is understood or implied without being directly stated or expressed.

Partial Report Method

A research technique used in cognitive psychology to study the capacity and duration of short-term visual memory.