Which of the Following Is True Regarding the U

Multiple Choice

Which of the following is true regarding the U.S.Internal Revenue Service?

A) The IRS permits firms to use the allowance method to calculate the tax deduction for bad debts.
B) The IRS requires that firms recognize bad debt expense only when they conclude an account is not collectible.
C) The IRS permits firms to use the aging of accounts receivable method to calculate the tax deduction for bad debts.
D) The IRS permits firms to use the percentage of sales to calculate the tax deduction for bad debts.
E) The IRS permits firms to use the cost of goods sold method to calculate the tax deduction for bad debts.