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All of the following statements are true of the Direct Writeoff method except Select one: a. bad debt expense is only recognized when an account

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All of the following statements are true of the Direct Writeoff method except Select one: a. bad debt expense is only recognized when an account proves to be uncollectible. b. it results in a reduction of a specific receivable when deemed uncollectible. c. it is a violation of the principle of matching d. this simplified method of dealing with bad debts is allowable under ASPE

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