Business
Business, 22.01.2020 14:31, ericgalo808

The materiality constraint, as applied to bad debts:

a. permits the use of the direct write-off method when bad debts expenses are relatively small.

b. requires use of the allowance method for bad debts.

c. requires use of the direct write-off method.

d. requires that bad debts not be written off.

e. requires that expenses be reported in the same period as the sales they produce.

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Answers: 3

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The materiality constraint, as applied to bad debts:

a. permits the use of the direct w...

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