Question: True or False: When using an allowance method to estimate bad debts, the percentage of credit sales method is considered to be an income statement

True or False: When using an allowance method to estimate bad debts, the percentage of credit sales method is considered to be an "income statement approach" method because it does a better job than the percentage of accounts receivable method at matching bad debt expense to the same period that the credit sale occurred. Question 26Select one: True False

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