MCQOPTIONS
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| 1. |
Under the direct write-off method of recognizing a bad debt expense. Which of the following statements is/are true? |
| A. | The bad debt expense is not matched with the related sales |
| B. | Revenue is overstated in the year of sales |
| C. | It violates the matching principle of accounting |
| D. | All of the above |
| Answer» E. | |