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Mr. Bunk Bunkers, President & CEO of Bunkers, Inc., a medium-sized retail company that sells both for cash and on credit, argues that the method

Mr. Bunk Bunkers, President & CEO of Bunkers, Inc., a medium-sized retail company that sells both for cash and on credit, argues that the method (direct write-off or allowance method) of accounting for uncollectible accounts receivable does not matter. Do you agree with President Bunkers? Explain in detail why you agree or disagree with Mr. Bunkers.

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