Question 4. 4. When the estimate based on the sales approach to estimating uncollectibles is used: (Points : 1)

any existing balance in the allowance for doubtful accounts is not taken into consideration. any existing balance in the allowance for doubtful accounts must be taken into consideration

only a credit balance in the allowance for doubtful accounts must be taken into consideration. only a debit balance in the allowance for doubtful accounts must be taken into consideration.