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Question #6 GAAP principles require companies to account for Bad Debt Expenses by using the Allowance Method. Required : What are the advantages to the

Question #6

GAAP principles require companies to account for Bad Debt Expenses by using the Allowance Method.

Required: What are the advantages to the Allowance Method? Hint: one relates to the timing of the Bad Debt Expense and one relates to the Accounts Receivable on the Balance Sheet.

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