Question: 1. Net realizable value is Allowance- AR? a. True b. False 2. The direct write off method does not use an allowance account? a. True

1. Net realizable value is Allowance- AR?

a. True

b. False

2. The direct write off method does not use an allowance account?

a. True

b. False

3. The aging method calculates the ending balance in the allowance account?

a. True

b. False

4. The percentage of credit sales method calculates bad debt expense directly?

a. True

b. False

1. Cost of goods sold + ending inventory = goods available for sale

a. True

b. false

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