Which Method Is Not Allowed Under Generally Accepted Accounting Principles

question 21

Multiple Choice

Which method is not allowed under Generally Accepted Accounting Principles for the purpose of accounting for uncollectible accounts?

• A)Allowance method.
• B)Direct write-off method.
• C)Aging method.
• D)Percentage-of-receivables method.

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Definitions:

Braided Stream

A network of river channels separated by small, often temporary, islands called braid bars, typically found in areas with high sediment supply.

Sinuosity

The measure of how much a river or stream meanders or the degree of its winding path.

Point Bar

A sedimentary formation consisting of alluvium, built up along the inner curve of rivers and streams beneath the slip-off slope.

Floodplain

An area of relatively smooth land adjacent to a stream channel that is intermittently flooded when the stream overflows its banks.