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I. Jones Company uses the percentage-of-sales method of estimating its allowance for doubtful...

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Accounting

I.
Jones Company uses the percentage-of-sales method of estimating its allowance for doubtful accounts. This method emphasizes which of the following?
The estimated collectability of an account receivable.
The relationship between sales and the cost of goods sold during an accounting period.
The matching of expenses against sales.
The lack of understanding of GAAP, since this is not an accepted method of estimating the allowance for doubtful accounts.
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