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Under the direct write-off method of accounting for uncollectible accounts Question 66 options: 1) the allowance account is increased for the actual amount of bad
Under the direct write-off method of accounting for uncollectible accounts Question 66 options: 1) the allowance account is increased for the actual amount of bad debt at the time of write-off. 2) balance sheet relationships are emphasized. 3) a specific account receivable is decreased for the actual amount of bad debt at the time of write-off. 4) bad debt expense is always recorded in the period in which the revenue was recorded.
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