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The percentage-of-sales approach to estimating bad debt expense: a. is considered a balance sheet approach. b. focuses on getting the allowance for bad debts account

The percentage-of-sales approach to estimating bad debt expense:

a. is considered a balance sheet approach.

b. focuses on getting the allowance for bad debts account as accurate as possible.

c. matches expenses and revenues better than the percentage-of-receivables.

d. is calculated using gross margin.

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