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Why are estimates of bad debts used to record uncollectible amounts of accounts receivable? Multiple Choice O O Doing so avoids violating the expense recognition
Why are estimates of bad debts used to record uncollectible amounts of accounts receivable? Multiple Choice O O Doing so avoids violating the expense recognition ("matching") principle. It is an easier method than waiting for accounts to actually become uncollectible. Because the actual amount of uncollectible accounts can never be known. It is the most conservative approach
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