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The allowance method is based on the asswnption that the percentage ofreceivables that B. will not ~ collected can be predicted from past experiences....

The allowance method is based on the asswnption that the percentage ofreceivables that B. will not ~ collected can be predicted from past experiences. The direct write-off method records the bad debt i!l the year that it is detcnnined that a specific receivable cannot be collected. 5) Which of the following statements is not correct regarding uncollectible accounts receivable?

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