Question

How would accountants estimate the amount of a company's uncollectible accounts expense? Multiple Choice

- All of these answer choices are correct.
- Consider new circumstances that are anticipated to be experienced in the future.
- Compute as a percentage of credit sales.
- Consult with trade association and business associates.

Answer 1

A

Step-by-step explanation:

accountants estimate the amount of a company's uncollectible accounts expense by following methods

-consider new circumstances that are anticipated to be experienced in the future,

-compute as a percentage of credit sales,

-and/or consult with trade association and business associates

All of these choices are correct.