Which of the Following Methods Does NOT Require an Adjusting

question 16

Multiple Choice

Which of the following methods does NOT require an adjusting entry to recognize bad debts?

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

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Definitions:

President Pierce

Franklin Pierce, the 14th President of the United States (1853-1857), whose presidency is often criticized for his support of the Kansas-Nebraska Act and enforcement of the Fugitive Slave Act.

Cuba

An island country in the Caribbean, known for its significant historical events such as the Cuban Revolution and its strained relations with the United States.

Slave Power

Slave Power refers to the perception or reality of disproportionate political power held by slave owners in the United States, particularly in the antebellum South, affecting national decisions and policies.

Charles Sumner

An American politician and senator from Massachusetts, known for his deep commitment to the cause of civil rights and abolition of slavery.