Select one true false correct the two basic methods

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Select one:TrueFalse Correct. The two basic methods for estimating uncollectible accounts under the allowance methodare the percentage-of-sales method and the percentage-of-receivables method.The correct answer is 'False'.
9/3/2018Weekly Quiz 25/6Question CorrectMark 1.00 out of 1.00(T / F) Liabilities result from some past transaction and are obligations to pay cash, provideservices, or deliver goods at some time in the future.8
Question IncorrectMark 0.00 out of 1.00(T / F) Generally, the lower the accounts receivable turnover, the better; and the shorter theaverage collection period, the better.9
9/3/2018Weekly Quiz 26/6Question 10CorrectMark 1.00 out of 1.00(T / F) Current liabilities are classified as clearly determinable, estimated, and contingent.
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