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When comparing the direct write-off and allowance methods, which of the following statements applies to the direct write-off method? a. An allowance account is used.
When comparing the direct write-off and allowance methods, which of the following statements applies to the direct write-off method?
a. An allowance account is used.
b. Primary users are large companies and those with a large amount of receivables.
c. The expense is recognized when the account is written off rather than in the period of sale.
d. The result is based on either a percentage of sales or an analysis of receivables.
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