lates the matching principle uses estimates for determining the bad debt expense

Q: lates the matching principle uses estimates for determining the bad debt expense

24. B. the amount of bad debts expense is estimated at the end of the accounting period. 25. D. $149,300 Net realizable value = Accounts Receivable - Allowance for Bad debts = $154,000 - $4,700 = $149,300

ID: 2400903 • Letter: L

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lates the matching principle uses estimates for determining the bad debt expense it overstates liabilities on the balance sheet O companies are not able to track customer payment histories D Question 24 2 pts When a company uses the allowance method to measure bad debts O the normal balance in the Allowance for Bad Debts account is a debit O the amount of bad debts expense is estimated at the end of the accounting period O the amount of bad debts expensei not estinuted at the end of the Othe Bad Debts Expense account s 2pts estion 25 been posted Sincair journal entries have

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24. B. the amount of bad debts expense is estimated at the end of the accounting period.

25. D. $149,300

Net realizable value = Accounts Receivable - Allowance for Bad debts = $154,000 - $4,700 = $149,300

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lates the matching principle uses estimates for determining the bad debt expense

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