Question: When estimating variable consideration, companies can use the expected value method or most likely amount method. Companies may pick the method that results in the

When estimating variable consideration, companies can use the expected value method or most likely amount method. Companies may pick the method that results in the lowest administrative cost.

		True
		False

A company does NOT need to record bad debt expense or estimate credit losses if the chance of loss is remote.

		True
		False

When estimating variable consideration, companies can use the expected value method or most likely amount method. Companies may pick the method that results in the lowest administrative cost.

		True
		False

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