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:

Longitudinal Study

A research design that involves repeated observations of the same variables (e.g., people) over short or long periods of time.

Cross-sectional Study

A research design that involves analyzing data from a population, or a representative subset, at a specific point in time.

Double-blind Experiment

An experimental design where neither the participants nor the experimenters know who is receiving a particular treatment, preventing bias in the results.

Longitudinal

Relating to research that involves repeated observations of the same variables over short or long periods of time.