Why is the percent of sales method called the income statement approach while the aging method is

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Why is the percent of sales method called the “income statement approach” while the aging method is called the “balance sheet approach”?

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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Apr 29, 2014 02:50 AM

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Why is the percent of sales method called the income statement approach while the aging method is

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The percentage of sales method is focused on the relationship between sales ...View the full answer

Financial Accounting

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