11.55 Accounts Receivable Allowance for Uncollectible Accounts 2 points The aging-of-receivables method of estimating uncollectible accounts is: is required to be used by all companies because it focuses on what should be the most relevant and faithful representation of accounts receivable on the balance sheet an income statement approach, since it focuses on the amount of expense to be reported on the income statement a balance sheet approach, since it focuses on accounts receivable. not an acceptable method of estimating bad debts. 2 points Which inventory costing method provides the most ---- III O