Question: The challenge businesses face when estimating the allowance for previously recorded sales is that ______. at the time of the sale, it is not known

The challenge businesses face when estimating the allowance for previously recorded sales is that ______.


 at the time of the sale, it is not known which particular customer will be a "bad" customer 


past default rates are not a good predictor of future default rates in bad economic times,


 fewer customers will have problems with their payments


none of these

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