Question: If the direct write - off method is used to account for uncollectible accounts, which of the following statements is not correct? Multiple Choice An

If the direct write-off method is used to account for uncollectible accounts, which of the following statements is not correct?
Multiple Choice
An allowance account is not used.
Bad debt expense is recorded at the time an actual bad debt is written-off.
Accounts receivable will be reported at the net amount expected to be collected.
No adjustment is recorded at the end of the year to estimate future uncollectible accounts.

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