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17 January, 05:24

A company that wishes to emphasize better matching of expenses with revenues rather than a better estimate of net realizable value should use the percentage-of-receivables approach for estimating uncollectible accounts.

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  1. 17 January, 09:15
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    True.

    Percentage-of-receivables approach (balance sheet approach) states that the amount of doubtful accounts at the end of a reporting period can be calculated by applying a percentage of estimated uncollectible amounts to gross accounts receivable
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