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The correct method to record bad debts according to Generally Accepted Accounting Principles is: Allowance Method Bad Allowance Method Direct Allowance Method Direct Write-off Method
The correct method to record bad debts according to Generally Accepted Accounting Principles is: Allowance Method Bad Allowance Method Direct Allowance Method Direct Write-off Method The percentage of sales method of calculating bad debt expense is: credit sales times an estimated bad debt percentage. not allowed under GAAP all sales times an estimated bad debt expense percentage. None of the above
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