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The allowance method for Uncollectible Accounts: A. Is necessary to conform to the matching principle when bad debts are material in amount B. Requires that
The allowance method for Uncollectible Accounts: A. Is necessary to conform to the matching principle when bad debts are material in amount B. Requires that the company estimate bad debts expense C. Ensures management writes off specific customer receivable accounts as bad debt expense at the time they are deemed to be uncollectible D. All of the above are correct E. Only A and B, above, are correct
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