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2 years ago

the direct write-off method is used for tax purposes but is generally not permitted for financial reporting. true or false?

1 answer:

4 0

True, the direct write-off method is used for tax purposes but is generally not permitted for financial reporting.

Direct write-off method occur when account receivable uncollectible are written or recorded as bad debt and this occur when the money a company is expecting to receive from their customers or clients are uncollectible because the customer did not pay.

Direct write-off method is used for tax purposes because bad debt expense is recorded based on uncollectible amount which is the amount a company is not expecting to receive from their debtors.

This method is not in accordance with the Generally accepted accounting principles which is why it is generally not permitted for financial reporting.

Inconclusion True, the direct write-off method is used for tax purposes but is generally not permitted for financial reporting.

Learn more about direct write-off method here:brainly.com/question/12419642

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The MR = MC rule C. applies only to pure monopoly.

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It should be noted that monopoly simply means the only seller of a good to service in the market.

In this case, the MR = MC rule applies only to pure monopoly.

In conclusion, the correct option is C.

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The best and most correct answer among the choices provided by your question is the fourth choice or letter D.

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An example of primary data that Armstrong could use in this research project is:

d. Discussions among focus groups made up of small number of gardeners led by an interviewer.

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