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Statement : Under the direct write-off method, accounts payable is written off at the time that it is determined to be uncollec Statement II: The

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Statement : Under the direct write-off method, accounts payable is written off at the time that it is determined to be uncollec Statement II: The direct write-off method is the most preferred method, because it better matches expenses with revenues. Statement 1 is incorrect; statement 2 is correct Both statements are incorrect O Statement 1 is correct;statement 2 is incorrect Both statements are correct

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