How is the percentage of receivables method best identified? Select a Choice Below current question choices OptionA It is identified as a balance sheet approach because the only figure being estimated--the allowance for doubtful accounts--is found on the balance sheet. OptionB It is identified as an income statement approach because the only number being estimated--the bad debt expense--appears on the income statement. OptionC It is identified as a balance sheet approach because the only figure being estimated--bad debt expense--is found on the balance sheet. OptionD It is identified as an income statement approach because the only number being estimated--the allowance for doubtful accounts--appears on the income statement