Under the Allowance Method of Accounting for Uncollectible Accounts,a Firm

Multiple Choice

Under the Allowance Method of accounting for uncollectible accounts,a firm should base their estimate of uncollectible accounts on all of the following EXCEPT:

A) net credit sales for the year
B) total current assets as of the end of the year
C) total accounts receivable at the end of the year
D) aging of accounts receivable at the end of the year