第八章When a customer purchases merchandise inventory from a business organization, he may be given a discount, which is designed to induce prompt payment. Such a discount is called the . ( )
答案:cash discount
Accounts receivable information for specific customers because it reveals . ( )Companies use two methods to account for uncollectible accounts: the direct write-off method and the allowance method. ( )Under the allowance method of accounting for uncollectible accounts receivable, no attempt is made to estimate the bad debt expense. ( )A company has sales of $350,000, and estimates that 0.7% of its sales are uncollectible. The estimated amount of bad debt expense is $2,450. ( )
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