Question: 1 . The _ _ _ _ _ _ _ _ _ _ method records bad debt expense only when an account is determined to

1. The __________ method records bad debt expense only when an account is determined to be worthless.
a. allowance
b. direct write-off
c. gradual write-off
d. factoring
2. Generally accepted accounting principles (GAAP) require companies with a large amount of receivables to use
a. the allowance method.
b. the direct write-off method.
c. the estimated method.
d. the sales factor method.

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