Following Generally Accepted Accounting Principles,which Method of Estimating Uncollectible Accounts

question 69

Multiple Choice

Following Generally Accepted Accounting Principles,which method of estimating uncollectible accounts is NOT acceptable?

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

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Definitions:

Null Hypothesis

In hypothesis testing, it's the hypothesis that assumes no effect or no difference and serves as the basis for testing statistical significance.

Means

The average of a set of numbers, calculated by dividing the sum of these numbers by the count of the numbers in the set.

μ

The symbol denoting the population mean in statistics, representing the average of a set of values.

Sampling Distribution

The probability distribution of a given statistic based on a random sample, used to make inferences about the population.