Author Question: The allowance method is preferred over the direct write-off method because it better matches the ... (Read 123 times)

olgavictoria · **on:** Jul 5, 2018

The allowance method is preferred over the direct write-off method because it better matches the expense of bad debts in the same period as the related sale.

Indicate whether the statement is true or false

Question 2

The number of days' sales in inventory measures
a. the length of time it takes to acquire, sell, and replace the inventory
b. the length of time it takes to acquire and receive payment for the inventory
c. the number of days inventory is on hand prior to sale
d. the number of days inventory takes to arrive after ordering