Question: When is it acceptable to use the direct write-off method to account for uncollectible accounts? 1) When the company sells its accounts receivables 2) When

When is it acceptable to use the direct write-off method to account for uncollectible accounts?

1)

When the company sells its accounts receivables

2)

When the company pledges its accounts receivables

3)

It is never acceptable to use the direct write-off method under GAAP

4)

When the expected bad debts are significant

5)

When the expected bad debts are not significant

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