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Why abc company has selected the allowance method

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Reference no: EM132319459

Question

The Board of Directors has asked you to explain the method used to handle uncollectible Accounts Receivables. They know that you use the Allowance Method but are not familiar with the difference between the Direct Method versus the Allowance Method. Explain each type of method and why ABC Company has selected the Allowance Method.

Reference no: EM132319459

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