The statement of financial position method is also known as
A)the percentage of credit sales method.
B)the easy collection method.
C)the aging of accounts receivable method.
D)none of the above

Question

Quizplus · Accepted Answer

The statement of financial position method is also known as the aging of accounts receivable method. This method groups accounts receivable by the length of time they have been outstanding and applies a different estimated percentage for each age group to determine the total amount of accounts receivable that is estimated to be uncollectible.

The Statement of Financial Position Method Is Also Known as