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5 October, 04:21

The income statement approach to calculating bad debt expense should not be used if it results in a carrying value of accounts receivable that is materially different from what would be obtained under a balance sheet approach. a. trueb. false

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  1. 5 October, 07:37
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    True

    Explanation:

    As we know that

    The bad debt expense using the income statement approach is totally different from the balance sheet approach

    But the net realizable value under the income statement approach and the balance sheet approach should be remain the same and hence not considered as materially different

    Hence, the given statement is true
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