Recognizing Revenue Before the Seller Collects Cash Requires Estimating the Amount

Multiple Choice

Recognizing revenue before the seller collects cash requires estimating the amount of uncollectible accounts with reasonable accuracy.Both U.S.GAAP and IFRS require the

A) direct method for uncollectible accounts, only.
B) direct charge off method for uncollectible accounts, only.
C) allowance method for uncollectible accounts, only.
D) allowance method and the direct charge off method for uncollectible accounts.
E) indirect method for uncollectible accounts, only.