Question: Identify the false statement. O A. Businesses can use the direct write-off method or the allowance method for recording bad debts (uncollectible accounts). B. The

Identify the false statement. O A. Businesses can use the direct write-off method or the allowance method for recording bad debts (uncollectible accounts). B. The percentage of sales method may be used to estimate future bad debts. OC. The accounts receivable aging report shows which accounts are overdue. OD. Accounts receivable and notes receivable are synonymous terms

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