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Requirement 2. What are some limitations that Perfect Performance will encounter when using the direct write-off method? 0 A. Perfect Performance will encounter limitations with
Requirement 2. What are some limitations that Perfect Performance will encounter when using the direct write-off method? 0 A. Perfect Performance will encounter limitations with the direct write-off method because it will result in understating profits and net assets every year the O B. Perfect Performance will not encounter any limitations with the direct write-off method because it adheres to the matching principle by matching the expense C. Perfect Performance will encounter limitations with the direct write-off method because it is complicated and very costly to implement. method is used of uncollectible accounts with the related revenue O D Perfect Performance will encounter limitations with the direct write-off method because it violates the matching principle. The matching principle requires that the expense of uncollectible accounts be matched with the related revenue
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