Question: The direct write - off method is generally not permitted for financial reporting purposes because Saved Multiple Choice 0 0 : 5 0 : 0

The direct write-off method is generally not permitted for financial reporting purposes because
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Multiple Choice
00:50:04
It is too difficult to accurately estimate future bad debts
This method is primarily used for tax purposes
Compared to the allowance method, it would allow greater flexibility to managers in manipulating reported net income
Accounts receivable are not stated for the amount of cash expected to be collected

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