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1. A) What is the percent of sales method and the aging of recievables method? B) What are the advantages and disadvantages to the percent

A) What is the percent of sales method and the aging of recievables method?

B) What are the advantages and disadvantages to the percent of sales method vs aging of receivables method?

C) When should one be used over the other?

Please give thorough explanations of each.

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