onti W of The best bad debt method for accounting is: A) That bad debts must be ignored. B) The use of the direct write-off method for bad debts. C) The use of the allowance method for accounting for bad debts. D) That bad debts be disclosed in the financial statements. E) That bad debts not be written off. 10. The allowance method that assumes a given percent of a company's credit sales for the period is uncollectible is: A) The percent of sales method. B) The percent of accounts receivable method. C) The aging of accounts receivable method. D) Direct write-off method. E) Factoring method. 11. An advantage of the allowance method is that: A) Bad debts must be recorded at any time. B) Not related to proper accounting for bad debts. C) Estimate bad debts expense is recorded in the same period as the sales. D) No need for bad debts since the accounts receivable was recorded. E) The direct write-off of bad debts is a better method.