11. The accounting principle that requires financial statements (including notes) to report all relevant information about the operations and financial condition of a company is called: A. Relevance B. Full disclosure C. Materiality D. Evaluation E. Matching 1 The matching principle requires: A. The use of the allowance method of accounting for bad debts B. The use of the direct write-off method for bad debts U. That expenses be ignored if their effect on the financial statements are less important than revenues to the financial statement user D. That bad debts not be written off E. That bad debts be disclosed in the financial statements 19 On October 29 of the current year, a company concluded that a customer's $4,400 account receivable was uncollectible and that the account should be written off. What effect will this write-off have on this company's net income and total assets assuming the allowance method is used to account for bad debts? A. Decrease in net income, decrease in total assets B. No effect on net income; no effect on total assets C. Decrease in net income, no effect on total assets D. No effect on net income; decrease in total assets E. Increase in net income; no effect on total assets >0 . The amount of bad debt expense can be estimated by: A. The percent of sales method B. The percent of accounts receivable method C. The aging of accounts receivable method D. Only b and c E. Bad debt expense can be estimated by any of the three methods listed above