The direct write$-$off method

is based on facts, not estimates.

is often used for financial reporting purposes.

records the expense in the same period as the associated revenue.

all of these answer choices are correct.

In accounting for interest$-$bearing notes receivable,

the effective$-$interest method is used to amortize interest for notes that exceed one year.

the stated rate and effective rate are always the same.

interest revenue is recognized at the date the note is signed.

Discount on Notes Receivable is credited when interest is amortized.