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Why would you select the percentage of sales method of calculating doubtful accounts as opposed to the percentage of receivables method?

Is it appropriate to utilize a hybrid of the percentage of sales and the percentage of receivables methods of calculating the allowance for doubtful accounts? Why?

GAAP allow for the utilization of both methods at the same time? Why?

Include any information from the financial statement used in DQ-1 about percentage of sales or percentage of receivables method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M991175

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