Question

If uncollectible accounts are determined by the aging-of-receivables method to be ______, the uncollectible-account expense for ______ would be ______.

Answer 1

If uncollectible accounts are determined by the aging-of-receivables method to be a specific amount, the uncollectible-account expense for a specific period would be the same amount.

Step-by-step explanation:

The question is related to the determination of uncollectible accounts using the aging-of-receivables method. This method categorizes accounts receivable based on their age and assigns different percentages for estimating the probability of collection.

If uncollectible accounts are determined to be a specific amount, the uncollectible-account expense for a particular period would be calculated based on that amount. For example, if uncollectible accounts are determined to be $500, then the uncollectible-account expense for a specific period would be $500.