The following list describes aspects of either the allowance method or the direct write-off method to account for bad debts. for each item listed, indicate if the statement best describes either the allowance method or the direct write-off method.
no attempt is made to predict bad debts expense
accounts receivable on the balance sheet is reported at net realizable value
the write-off of a specific account does not affect net income
when an account is written off, the debit is to bad debts expense
sales and any bad debts expense are usually not recorded in the same period, thus proper matching (of revenues and expense recognition) does not consistently occur
requires a company to estimate bad debts expense related to the sales recorded in that period

d) social security number

let me know if i am correct or not, so i can edit the answer.

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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