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Statement I: The percentage of sales method focuses on the income statement. Statement II: Under the percentage of sales method, the firm looks at the
Statement I:
The percentage of sales method focuses on the income statement.
Statement II:
Under the percentage of sales method, the firm looks at the historical amount of bad debts as a percentage of net credit sales.
| Both statements are incorrect |
| Statement 1 is incorrect; statement 2 is correct |
| Statement 1 is correct; statement 2 is incorrect |
| Both statements are correct |
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Where Does Money Grow
Authors: Beth McGuinness
1070202150, 978-1070202150
