QUESTION 2 Which method of accounting for uncollectible account is required to be used by Generally Accepted Accounting Principles (GAAP? (Which method does NOT violate GAAP) Direct write-off method Allowance method Both are acceptable Neither is acceptable QUESTION 3 When is bad debts expense recorded when using the direct wit off method When calculating the Accounts Payable balance When the company determines that it will never collect from a specific customer When estimating uncollectible accounts at the end of the period When depreciating a noncurrent asset