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Question 329 - IIA-CIA-Part3 discussion

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Senior management is trying to decide whether to use the direct write-off or allowance method for recording bad debt on accounts receivables. Which of the following would be the best argument for using the direct write-off method?

A.
It is useful when losses are considered insignificant.
Answers
A.
It is useful when losses are considered insignificant.
B.
It provides a better alignment with revenue.
Answers
B.
It provides a better alignment with revenue.
C.
It is the preferred method according to The IIA.
Answers
C.
It is the preferred method according to The IIA.
D.
It states receivables at net realizable value on the balance sheet.
Answers
D.
It states receivables at net realizable value on the balance sheet.
Suggested answer: C
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asked 18/09/2024
Philippe Chretien
44 questions
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