In which of these accounts would you not expect the use of estimates?
A) allowance for bad and doubtful debts.
B) accounts receivable.
C) warranty expense.
D) all of the above involve the use of estimates

Question

Quizplus · Accepted Answer

Accounts receivable typically involves actual amounts owed by customers rather than estimates. Allowance for bad and doubtful debts and warranty expense both require estimation of future events (e.g., uncollectible accounts and future warranty claims, respectively).

In Which of These Accounts Would You Not Expect the Use