Which Method Is Not Allowed Under Generally Accepted Accounting Principles

question 109

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.

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Definitions:

First Nations People

Indigenous peoples in Canada, recognized as the original inhabitants of the country.

African Americans

An ethnic group in the United States consisting of individuals with partial or total ancestry from any of the Black racial groups of Africa.

Enmeshed

Describes a relationship where boundaries are diffuse, leading to a lack of independence or autonomy among individuals involved.

Hispanic

A term referring to people and cultures with historical links to Spain or Spanish-speaking countries, especially those in Latin America.