The direct write-off method is not acceptable in accounting unless uncollectible accounts are insignificant.

a. true
b. false

Ans: a. true

Business

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The________________ ratio is calculated by dividing net sales by average total assets.

Fill in the blank(s) with the appropriate word(s).

Business

All interest and dividends received by an individual taxpayer are taxable

Indicate whether the statement is true or false.

Business