Which of the Following Statements Is False Regarding the Different

Which of the following statements is false regarding the different bases used for the allowance method?

A) Three bases are generally accepted, the percentage of sales, the percentage of receivables, and the direct write-off.
B) Management can choose whichever basis it prefers.
C) If management wishes to emphasize the cash realizable value of receivables it will select the percentage of receivables basis.
D) The company must determine its past experience with bad debt losses regardless of which basis it selects.