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+ 14. Match the terms in the left-hand column below with the descriptions on the right. 1. Percentage of credit sales method 2. Direct
+ 14. Match the terms in the left-hand column below with the descriptions on the right. 1. Percentage of credit sales method 2. Direct write-off method 3. Allowance method 4. Percentage of accounts receivable method a. Required to recognize bad debt under GAAP b. Estimate of bad debt expense based on the age of outstanding receivables c. Estimate of bad debt based on credit sales d. Required to recognize bad debt under tax law
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
