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Which of the following statements is false: The allowance method writes off receivables prior to estimating bad debt expense Allowance for bad debts is

Which of the following statements is false: The allowance method writes off receivables prior to estimating bad debt expense Allowance for bad debts is a contra-asset account GAAP stipulates the allowance method must be used in the financial statements if a business has significant bad debts The allowance method adheres to the matching principle

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