Which of the following statements about the allowance method of valuing Accounts Receivable is false? The allowance method identifies which customers will not pay their debts when sales are made. The allowance method serves to value Accounts Receivable on the Balance Sheet. The allowance method applies accrual accounting. The allowance method estimates losses from bad debts.

Which of the following statements about the allowance method of valuing Accounts Receivable is false? The allowance method identifies which customers will not pay their debts when sales are made. The allowance method serves to value Accounts Receivable on the Balance Sheet. The allowance method applies accrual accounting. The allowance method estimates losses from bad debts