The Percent-Of-Sales Method of Computing Uncollectible Accounts for Accounts Receivable

Multiple Choice

The percent-of-sales method of computing uncollectible accounts for Accounts Receivable is used for:

A) interim statements because it is more accurate than the aging method.
B) annual statements because it is more accurate than the aging method.
C) interim statements because it is easier than the aging method.
D) annual statements because it is easier than the aging method.