The Net Method of Recording Accounts Receivable Is Rarely Used

Multiple Choice

The net method of recording accounts receivable is rarely used because it

A) is less theoretically correct than the gross method.
B) requires an "Allowance for Sales Discounts" to be reported on the statement of financial
Position.
C) has a different effect on the statement of financial position and income statement.
D) requires more bookkeeping for the additional adjusting entries after the discount period
Has passed.