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1. When using an allowance method for uncollectible accounts. which of the following is not true? A. The approach is supported by GAAP. B. A

1. When using an allowance method for uncollectible accounts. which of the following is not true?

A. The approach is supported by GAAP.

B. A general allowance is created on the anticipation of future write-offs.

C. The allowance is based on specific customer balances.

D. Judgment will be used to create the allowance.

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