Question: The CECL model: Multiple Choice O is a good ex statement approach to estimating bad debts. Considers historical experience but not forecasts of the future.

The CECL model: Multiple Choice O is a good ex statement approach to estimating bad debts. Considers historical experience but not forecasts of the future. Recognizes bad debts when it is probable that an economic sacrifice has occurred O Allows a company to use an accounts receivable aging as part of its methodology for estimating credit losses

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