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  2. Topic
    Business
  3. Study Set
    Fundamentals of Financial Accounting
  4. Exam
    Exam 8: Reporting and Interpreting Receivables,bad Debt Expense,and Interest Revenue
  5. Question
    The Percentage of Credit Sales Method Focuses on Estimating the Ending
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The Percentage of Credit Sales Method Focuses on Estimating the Ending

Question 56

Question 56

True/False

The percentage of credit sales method focuses on estimating the ending balance to be reported in the Allowance for Doubtful Account,whereas the aging of accounts receivable method focuses on estimating Bad Debt Expense for the period.

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