Which of the Following Statements Is Not Correct

question 18

Multiple Choice

Which of the following statements is not correct?

• A) Under the direct write-off method,no provision is created when the risk of uncollectibility appears.
• B) All countries allow the direct write-off method.
• C) The direct write-off method shows receivables at their nominal value when in fact,there is a known risk of uncollectibility.
• D) The only situation where the direct write-off method might not create a misrepresentation of the financial situation of the firm is when the sales revenue and the percentage of uncollectible receivables is essentially constant or stable.

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Definitions:

Isolation

The experience of being separated from others or activities, leading to feelings of loneliness and social detachment.

Cyberstalking

The use of digital technologies to harass, threaten, or persecute someone persistently.

Features

Distinctive attributes or aspects of something or someone, which often contribute to its identity or functionality.

Objectification

Treating a person as an object or thing, without regard to their personality or dignity.