The Income Statement Approach to Estimating Uncollectible Accounts Is Called

Multiple Choice

The income statement approach to estimating uncollectible accounts is called the ________ method.The balance sheet approach to estimating uncollectible accounts is called the ________ method.

A) direct write-off;allowance
B) allowance;direct write-off
C) percent-of-sales;aging-of-receivables
D) aging-of-receivables;percent-of-sales