The Balance in the Allowance for Uncollectible Accounts Is Considered

question 31

Multiple Choice

The balance in the Allowance for Uncollectible Accounts is considered prior to the year-end adjustment under:

• A)the direct write-off method.
• B)the percent-of-sales method.
• C)the aging-of-receivables method.
• D)both the percent-of-sales and aging-of-receivables methods.

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Definitions:

Third-Person Effect

Most people think that they are less influenced than others by advertisements.

Advertisements

Messages designed to promote or sell a product, service, or idea to consumers through various media channels.

Source

The point of origin of a persuasive communication.

Trustworthiness

The quality of being reliable, honest, and deserving of trust.