True or False

17. Bad debt expense is debited and Accounts Receivable is credited at the end of the period to recognize bad debt under the allowance method.

18. Because the allowance method results in better matching, accounting standards require its use rather than direct write-offs method, unless bad debts are immaterial.

19. An aging schedule typically categories the various accounts by the length of time each invoice is outstanding.

20. The equity method of accounting is used if the investor owns at least 20% of the investee and the investor is able to secure influence over the investee.