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Which of the following statements is true regarding the direct write - off method? It is an accepted method under GAAP for recording bad debt

Which of the following statements is true regarding the direct write

-

off method?

It is an accepted method under GAAP for recording bad debt expense.

It violates the cost principle.

No contra asset is used to estimate the net realizable value of accounts receivable.

It recognizes bad debt expense as an estimate at the end of the accounting period.

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