Multiple Choice
A statement of cash flows is being prepared using accrual based information. In calculating cash receipts from customers' bad debts written off, when the direct write- off method is used is:
A) added to accrual-basis revenue.
B) not adjusted.
C) subtracted from accrual-basis revenue.
D) shown as a cash outgoing.
Correct Answer:
Verified
Correct Answer:
Verified
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