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What is the only method concerning recognizing bad debt expense that's accepted by the IRS? (on tax returns). This method WAITS until a bad
What is the only method concerning recognizing "bad debt expense" that's accepted by the IRS? (on tax returns). This method WAITS until a bad customer account is abandonded. Which might be months after the credit sale, or maybe even a year. Why is this method theoretically "deficient" as concerns proper accounting principles?
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The Allowance Method is the only method recognized by the IRS for recognizing bad debt expense on ta...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
