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Which is not true of the percentage-of-receivables approach to estimating bad debt expense? a. It is calculated in two steps b. It is a function

Which is not true of the percentage-of-receivables approach to estimating bad debt expense? a. It is calculated in two steps b. It is a function of a company's receivables balance c. It results in a meaningful net realizable value d. It always results in less bad debt expense compared to the percentage-of-sales approach

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