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Question 16 (1 point) The materiality principle: States that bad debts not be written off. Requires use of the direct write-off method for bad debts.

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Question 16 (1 point) The materiality principle: States that bad debts not be written off. Requires use of the direct write-off method for bad debts. Requires the use of the allowance method for bad debts. States that an amount can be ignored if its effect on financial statements is unimportant to users' business decisions. Requires that expenses be reported in the same period as the sales they helped produce

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