Question: The __________ method records bad debt expense only when an account is determined to be worthless. a. allowance b. direct write-off c. gradual write-off d.

The __________ method records bad debt expense only when an account is determined to be worthless. a. allowance b. direct write-off c. gradual write-off d. factoring 2. Generally accepted accounting principles (GAAP) require companies with a large amount of receivables to use a. the allowance method. b. the direct write-off method. c. the estimated method. d. the sales factor method

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