Question: 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

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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