4. In a period of rising prices, which of the inventory methods generally results in the highest gross margin

A) Specific identification

B) FIFO

C) Average-cost

D) LIFO

31. The following information is from the records of Mountainview Camera Shop:

Accounts receivable, December 31, 2018 $81,000 (debit)

Net credit sales for 2018 163,000

Accounts written off as uncollectible during 2018 16,000

Cash sales during 2018 45,000

The company uses the direct write-off method for bad debts. What is the amount of bad debts expense?

A) $81,000

B) $45,000

C) $66,000

D) $16,000