The percentage-of-credit-sales method for estimating uncollectible accounts is sometimes described as:
A) The balance sheet method.
B) The method most used by companies.
C) The income statement method.
D) The percentage-of-receivables method.
Answer: The income statement method.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.