Companies must use the Allowance Method to account for Accounts Receivable. Why can't companies simply...
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Accounting
Companies must use the Allowance Method to account for Accounts Receivable. Why can't companies simply wait until the period in which the debt is not paid, and then expense it? O Because that would violate the Maching Principle. O Because that would violate the Revenue Recognition principle. O Because that would overstate sales revenue. O Because that would understate liabilities
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