Which of the following statements is true? ...
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Accounting
| Which of the following statements is true? |
| Companies with large amounts of uncollectible accounts normally use the direct-write off method to account for uncollectible accounts expense. |
| The primary advantage of using the direct write-off method of recognizing the uncollectible accounts expense is simplicity. |
| Only banks are permitted to use the direct write-off method. |
| The direct write-off method is used to assure the matching of expenses with revenue. |
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